The Library
Do hostile mergers destroy jobs?
Tools
UNSPECIFIED (2001) Do hostile mergers destroy jobs? JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 45 (4). pp. 427-440. ISSN 0167-2681.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Abstract
This paper provides a systematic empirical analysis of the employment effects of hostile takeovers in the United Kingdom for the period 1983-1996. It finds no evidence for distinguishing between friendly and hostile acquisitions in terms of their impact on labour demand. Indeed, each type of transaction appears to have an immediate negative impact on labour demand, equivalent to about 7.5 percent of the pre-merger level. However, the paper does find that the absolute number of employees falls substantially, along with output, in the hostile merger case alone. This appears to be the consequence of a high level of post-merger divestment that distinguishes hostile transactions. (C) 2001 Elsevier Science B.V. All rights reserved.
Item Type: | Journal Article | ||||
---|---|---|---|---|---|
Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | ||||
Publisher: | ELSEVIER SCIENCE BV | ||||
ISSN: | 0167-2681 | ||||
Official Date: | August 2001 | ||||
Dates: |
|
||||
Volume: | 45 | ||||
Number: | 4 | ||||
Number of Pages: | 14 | ||||
Page Range: | pp. 427-440 | ||||
Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |