An Examination of Takeovers, Job Loss and the Wage Decline within UK Industry
Abstract"This paper investigates the effects of takeovers on workers' employment prospects and wages in the UK for the years 1987-1995. We address directly the idea that takeovers involve a 'breach of trust' with employees. Our results provide no support for the breach of trust hypothesis and rather suggest shareholders and workers in the post-acquisition joint entity are locked in a form of 'equal misery' following the execution of the takeover." Copyright Blackwell Publishers Ltd, 2004.
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Bibliographic InfoArticle provided by European Financial Management Association in its journal European Financial Management.
Volume (Year): 10 (2004)
Issue (Month): 1 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1354-7798
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- Kubo, Katsuyuki & Saito, Takuji, 2012. "The effect of mergers on employment and wages: Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 26(2), pages 263-284.
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