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Acquire and fire? Evidence from European mergers

Author

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  • Furlan, Benjamin

    (University of Salzburg)

Abstract

This paper provides a systematic analysis on the employment effects after merger and acquisition activities for a sample of European production firms. Rather than taking the perspective of the acquired firm, which has been extensively addressed in previous research, this paper focuses on the acquiring firm. At hand with a data set covering roughly 160.000 firms between 2003-2010 we apply propensity score matching methods to evaluate post-merger effects. Our results suggest that acquiring companies show a higher employment growth rate than their counterparts. This result holds by splitting our data in several sub samples (small and medium-sized firms, national takeovers).

Suggested Citation

  • Furlan, Benjamin, 2015. "Acquire and fire? Evidence from European mergers," Working Papers in Economics 2015-3, University of Salzburg.
    • Handle: RePEc:ris:sbgwpe:2015_003
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    Cited by:

    1. Karen Geurts & Johannes Van Biesebroeck, 2019. "Employment growth following takeovers," RAND Journal of Economics, RAND Corporation, vol. 50(4), pages 916-950, December.

    More about this item

    Keywords

    Merger and acquisition evaluation; propensity score matching; em-ployment effects.;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • G00 - Financial Economics - - General - - - General
    • L00 - Industrial Organization - - General - - - General

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