• Media type: Report; E-Book
  • Title: Employment effects of acquisitions: Evidence from acquired European firms
  • Contributor: Oberhofer, Harald [Author]
  • Published: Salzburg: University of Salzburg, Department of Social Sciences and Economics, 2010
  • Language: English
  • Keywords: Acquisitions ; L22 ; employment effects ; C21 ; G34 ; firm growth ; L25 ; endogenous treatment model
  • Origination:
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  • Description: 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.
  • Access State: Open Access