The impact of mergers and acquisitions on company employment in the United Kingdom

被引：91
作者：
Conyon, MJ
Girma, S
Thompson, S
Wright, PW
机构：
[1] Univ Nottingham, Sch Econ, Nottingham NG7 2RD, England
[2] Univ Penn, Wharton Sch, Philadelphia, PA 19104 USA
[3] Univ Leicester, Dept Econ, Leicester LE1 7RH, Leics, England
来源：
EUROPEAN ECONOMIC REVIEW | 2002年 / 46卷 / 01期
基金：
英国经济与社会研究理事会;
关键词：
mergers; acquisitions; panel data; labour demand;
D O I：
10.1016/S0014-2921(00)00086-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper provides a systematic empirical analysis of the effects of take-over and merger activity on firm employment in the United Kingdom 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 postmerger. These effects are particularly pronounced in the case of related and especially hostile mergers. (C) 2002 Elsevier Science B.V. All rights reserved.
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页码：31 / 49
页数：19
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