Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - The Impact of Mergers and Acquisitions on Company Employment in the United Kingdom
AU - Conyon, Martin
AU - Girma, S
AU - Thompson, S
AU - Wright, P
PY - 2002/1
Y1 - 2002/1
N2 - This paper provides a systematic empirical analysis of the effects of take-over and merger activity on firm employment in the UnitedKingdom using a specially constructed database for the period 1967–1996. Our results indicate that significant rationalisations in the use of labour occur as firms reduce joint output and increase efficiency post-merger. These effects are particularly pronounced in the case of related and especially hostile mergers.
AB - This paper provides a systematic empirical analysis of the effects of take-over and merger activity on firm employment in the UnitedKingdom using a specially constructed database for the period 1967–1996. Our results indicate that significant rationalisations in the use of labour occur as firms reduce joint output and increase efficiency post-merger. These effects are particularly pronounced in the case of related and especially hostile mergers.
KW - Mergers
KW - Acquisitions
KW - Panel data
KW - Labour demand
U2 - 10.1016/S0014-2921(00)00086-6
DO - 10.1016/S0014-2921(00)00086-6
M3 - Journal article
VL - 46
SP - 31
EP - 49
JO - European Economic Review
JF - European Economic Review
SN - 0014-2921
IS - 1
ER -