Employment effects of acquisitions: Evidence from acquired European firms
Harald Oberhofer ()
No 2010-10, Working Papers in Economics from University of Salzburg
This paper examines the employment effects of acquisitions for acquired European firms taking non-random selection of acquisition targets explicitly into account. Following the empirical firm growth literature and theories put forward in the mergers and acquisition (M&A) literature we control for convergence dynamics in firm size and distinguish between different types of acquisitions. Empirically, we estimate an endogenous treatment model using accounting data for a newly created sample of acquired and non-acquired European firms. Our results reveal positive employment effects for all different types of acquisitions.
Keywords: Acquisitions; employment effects; firm growth; endogenous treatment model (search for similar items in EconPapers)
JEL-codes: C21 G34 L22 L25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-com and nep-eur
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Journal Article: Employment Effects of Acquisitions: Evidence from Acquired European Firms (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sbgwpe:2010_010
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