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Comments on the 2023 draft merger guidelines : a labor market perspective
Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023
The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …
Persistent link: https://www.econbiz.de/10014335050
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Post-merger restructuring of the labor force
Gehrke, Britta; Maug, Ernst; Obernberger, Stefan; … - 2021
We study the restructuring of the labor force after mergers and acquisitions. Overall restructuring is large. Net employment of targets declines by more than half within two years after acquisitions relative to a matched sample, and is concentrated in targets that close all establishments. There...
Persistent link: https://www.econbiz.de/10012519948
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Should employment authorities worry about mergers and acquisitions?
Margolis, David N. (contributor) - 2006
. Second, it examines which individuals from which firms remain with the newly created entity after the takeover. Using a … active in the post-takeover period, with employees of the acquired firm being less likely to remain with the new entity in … the short term after takeover than those of the acquiring firm and with the differences between the two types of firms …
Persistent link: https://www.econbiz.de/10003289882
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Firm consolidation and labor market outcomes
Dobbelaere, Sabien; McCormack, Grace; Prinz, Daniel; … - 2022
Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects are persistent...
Persistent link: https://www.econbiz.de/10013455653
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Legal corruption, politically connected corporate governance and firm performance
Domadenik, Polona; Prašnikar, Janez; Švejnar, Jan - 2014
In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...
Persistent link: https://www.econbiz.de/10010381906
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Cross-border mergers and national champions in an integrating economy
Südekum, Jens (contributor) - 2006
trade freeness, (ii) the possibility of rent appropriation on world markets, and (iii) direct "synergy" effects of mergers … permissive towards M&A, because it does not take into account the negative impact of decreasing competition on world consumer …
Persistent link: https://www.econbiz.de/10003355552
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Minimum global tax : winners and losers in the race for mergers and acquisitions
Amendolagine, Vito; Bruno, Randolph; Cipollina, Maria; … - 2023
This study aims to quantify the impact of the global minimum corporate tax rate - a pillar of the OECD's reform of international taxation - on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the influence of differences in capital taxation on...
Persistent link: https://www.econbiz.de/10014279899
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Productivity and size of the export market : evidence for West and East German plants, 2004
Wagner, Joachim (contributor) - 2007
actor on the world market for manufactured goods. It documents that firms that export to countries inside the euro-zone are …
Persistent link: https://www.econbiz.de/10003539184
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The free movement of workers in an enlarged European Union : institutional underpinnings of economic adjustment
Kahanec, Martin; Pytlikova, Mariola; Zimmermann, Klaus F. - 2014
The eastern enlargements of the European Union (EU) and the extension of the free movement of workers to the new member states' citizens unleashed significant east-west migration flows in a labor market with more than half a billion people. Although many old member states applied transitional...
Persistent link: https://www.econbiz.de/10010407978
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The role of constitutions on poverty : a cross-national investigation
Minkler, Lanse; Prakash, Nishith - 2015
In this paper we use novel historical data on economics and social rights from the constitutions of 201 countries and an instrument variable strategy to answer two important questions. First, do economic and social rights provisions in constitutions reduce poverty? Second, does the strength of...
Persistent link: https://www.econbiz.de/10010488146