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Employment effects of acquisitions: Evidence from acquired European firms

  • Oberhofer, Harald


    (University of Salzburg)

This paper examines the employment effects of acquisitions for acquired European firms taking non-random selection of acquisition targets explicitly into account. Following the empirical firm growth literature and theories put forward in the mergers and acquisition (M&A) literature we control for convergence dynamics in firm size and distinguish between different types of acquisitions. Empirically, we estimate an endogenous treatment model using accounting data for a newly created sample of acquired and non-acquired European firms. Our results reveal positive employment effects for all different types of acquisitions.

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Paper provided by University of Salzburg in its series Working Papers in Economics and Finance with number 2010-10.

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Length: 28 pages
Date of creation: 27 Jul 2010
Date of revision:
Handle: RePEc:ris:sbgwpe:2010_010
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