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Compensation Policy, Human Resource Management Practices and Takeovers


  • David Margolis



This paper uses a unique linked employer-employee data (LEED) set to examine thedeterminants of mergers and acquisitions and to study post-takeover employment. It findthat firms involved in takeovers are qualitatively different from non-takeover firms andthat post-takeover employment probabilities are highly dependent on individualcharacteristics (human resource management policies) and the firm's pre-takeovercompensation policy. It also discusses the value of LEED for such an analysis and drawsconclusions for industrial and labor policy based on combining these results with resultsfrom the literature on displaced workers.

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  • David Margolis, 2005. "Compensation Policy, Human Resource Management Practices and Takeovers," Working Papers 2005-32, Center for Research in Economics and Statistics.
  • Handle: RePEc:crs:wpaper:2005-32

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    Cited by:

    1. Smeets, Valérie & Ierulli, Kathryn & Gibbs, Michael, 2006. "Mergers of Equals & Unequals," Working Papers 06-8, University of Aarhus, Aarhus School of Business, Department of Economics.

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