| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12167 |
| DP12167 Employment growth following takeovers | |
| Johannes Van Biesebroeck | |
| 发表日期 | 2017-07-20 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We use a comprehensive sample of takeovers in Belgium to show that they are remarkably common and an important part of many firms’ growth process. They affect both small and large firms and, over a five-year period, 17 percent of private employment. We estimate the impact of takeovers on employment growth of the merged entity using an empirical framework that explicitly takes into account that mergers are formed by pairs of firms. It allows for post-merger employment outcomes that are heterogeneous and determined jointly by the characteristics of both partners. The average merger is estimated to reduce employment by 8% over a four-year period, but the contraction can be three times as large for some types of mergers, while employment expands for other types. |
| 主题 | Industrial Organization |
| 关键词 | Merger M&a Firm dynamics Matching Efficiency defense |
| URL | https://cepr.org/publications/dp12167 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540979 |
| 推荐引用方式 GB/T 7714 | Johannes Van Biesebroeck. DP12167 Employment growth following takeovers. 2017. |
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