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The Effects of Mergers on Company Employment in the USA and Europe

35 Pages Posted: 1 Mar 2004  

Klaus Peter Gugler

Vienna University of Economics and Business; European Corporate Governance Institute (ECGI)

B. Burcin Yurtoglu

WHU - Otto Beisheim School of Management

Abstract

We systematically analyse the effects of mergers and acquisitions on the demand for labour in the USA and Europe. We do not find adverse effects of mergers on labour demand in the USA, however we do find negative effects in Europe of the order of -10% compared to pre-merger levels. We attribute this significant difference to more rigid labour markets in Europe than in the USA.

Keywords: Mergers and acquisitions, labour demand, restructuring, international comparison

JEL Classification: G34, L2

Suggested Citation

Gugler, Klaus Peter and Yurtoglu, B. Burcin, The Effects of Mergers on Company Employment in the USA and Europe. International Journal of Industrial Organization, Forthcoming. Available at SSRN: https://ssrn.com/abstract=510922

Klaus Gugler

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

HOME PAGE: http://www.wu.ac.at/iqv/mitarbeiter/gugler

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

HOME PAGE: http://www.ecgi.org

B. Burcin Yurtoglu (Contact Author)

WHU - Otto Beisheim School of Management ( email )

Chair of Corporate Finance
Burgplatz 2
Vallendar, 56179
Germany
+49 261 6509-721 (Phone)
+49 261 6509-729 (Fax)

HOME PAGE: http://www.whu.edu/forschung/fakultaet/finance-group/corporate-finance/

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