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Job Transitions and Employee Earnings After Acquisitions : Linking Corporate and Worker Outcomes

Arnold, David; Milligan, Kevin; Moon, Terry; Tavakoli, … - National Bureau of Economic Research - 2023

This paper connects changes in employer characteristics through job transitions to employee earnings following mergers and acquisitions (M&As). Using firm balance sheet data linked to individual earnings data in Canada and a matched difference-in-differences design, we find that after M&As...

Persistent link: https://www.econbiz.de/10014436997

Corporate Governance and Merger Activity in the U.S : Making Sense of the 1980s and 1990s

Holmstrom, Bengt - 2001

This paper describes and considers explanations for changes in corporate governance and merger activity in the United … States since 1980. Corporate governance in the 1980s was dominated by intense merger activity distinguished by the prevalence … of leveraged buyouts (LBOs) and hostility. After a brief decline in the early 1990s, substantial merger activity resumed …

Persistent link: https://www.econbiz.de/10012470504

Post-Merger Restructuring and the Boundaries of the Firm

Maksimovic, Vojislav - 2008

. The extent of post-merger restructuring activities and their cross-sectional variation do not support an empire building …

Persistent link: https://www.econbiz.de/10012464355

The Industry Life Cycle and Acquisitions and Investment : Does Firm Organization Matter?

Maksimovic, Vojislav - 2006

We examine the effect of financial dependence on acquisition and investment within existing industries by single-segment and conglomerate firms for industries undergoing different long run changes in industry conditions. Conglomerates and single-segment firms differ more in rates of...

Persistent link: https://www.econbiz.de/10012466371

Product Repositioning by Merging Firms

Atalay, Enghin; Sorensen, Alan T.; Sullivan, Christopher J. - National Bureau of Economic Research - 2023

We examine merging firms' additions and removals of products for a sample of 66 mergers across a wide variety of consumer packaged goods markets. We find that mergers lead to a net reduction in the number of products offered by merging firms. Merging firms tend to both drop and add products at...

Persistent link: https://www.econbiz.de/10014287330

Acquisitions, Management, and Efficiency in Rwanda's Coffee Industry

Macchiavello, Rocco; Morjaria, Ameet - National Bureau of Economic Research - 2022

Well-functioning markets allocate assets to owners that improve firms' management and performance. We study the effects of ownership changes on coffee mills in Rwanda - an industry in which managing relationships with farmers and seasonal workers is important and that has seen many ownership...

Persistent link: https://www.econbiz.de/10013334447

Do Mergers and Acquisitions Improve Efficiency? Evidence from Power Plants

Demirer, Mert; Karaduman, Ömer - National Bureau of Economic Research - 2024

Using rich data on hourly physical productivity and thousands of ownership changes from US power plants, we study the effects of acquisitions on efficiency and underlying mechanisms. We find a 2% average increase in efficiency for acquired plants, beginning five months after acquisitions....

Persistent link: https://www.econbiz.de/10014635690