Lehto, Eero and Böckerman, Petri (2006): Enemy of Labour? Analysing the Employment Effects of Mergers and Acquisitions.
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This paper analyses the employment effects of mergers and acquisitions by using matched establishment-level data from Finland over the period of 1989-2003. The data covers all sectors. We compare the employment effects of cross-border M&As with the effects arising from two different types of domestic M&As and internal restructurings. The results reveal that cross-border M&As lead to downsizing in manufacturing employment. The effects of cross-border M&As on employment in non-manufacturing are much weaker. Changes in ownership associated with domestic M&As and internal restructurings also typically cause employment losses, but these is interesting sectoral variation.
|Item Type:||MPRA Paper|
|Institution:||Labour Institute for Economic Research|
|Original Title:||Enemy of Labour? Analysing the Employment Effects of Mergers and Acquisitions|
|Keywords:||Mergers and acquisitions; M&As; takeovers; employment; workforce|
|Subjects:||J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J60 - General
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J63 - Turnover; Vacancies; Layoffs
|Depositing User:||Petri Böckerman|
|Date Deposited:||16. Feb 2007|
|Last Modified:||17. Feb 2013 04:02|
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