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National Champion versus Foreign Takeover

Suedekum, Jens - Institute for the Study of Labor (IZA) - 2007

We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...

Persistent link: https://www.econbiz.de/10005763853

Is There a Preferential Treatment for Locals in the Labor Market? Evidence from Takeovers

Colussi, Tommaso; Romano, Livio - 2016

performance. By exploiting variations in firms' ownership generated by takeovers, we find that belonging to the same community of …

Persistent link: https://www.econbiz.de/10011653146

Should employment authorities worry about mergers and acquisitions?

Margolis, David N. - 2006

This paper considers the role mergers and acquisitions have on employment. First, it considers the importance of … activity in a similar manner, employment authorities may be able to anticipate the regions in which takeovers are more likely …

Persistent link: https://www.econbiz.de/10010267376

Firm Consolidation and Labor Market Outcomes

Dobbelaere, Sabien; McCormack, Grace; Prinz, Daniel; … - 2022

workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in …

Persistent link: https://www.econbiz.de/10013470487

Should Employment Authorities Worry About Mergers and Acquisitions?

Margolis, David N. - Institute for the Study of Labor (IZA) - 2006

Persistent link: https://www.econbiz.de/10005761983

Cross-border mergers and national champions in an integrating economy

Suedekum, Jens - 2006

and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of … trade freeness, (ii) the possibility of rent appropriation on world markets, and (iii) direct synergy effects of mergers …. Cross-border M&A is privately and socially more attractive than domestic mergers. National competition policy may be too …

Persistent link: https://www.econbiz.de/10010267907

Redesigning Teams and Incentives in a Merger : An Experiment with Managers and Students

Montmarquette, Claude; Rullière, Jean-Louis; Villeval, … - 2004

After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate the relationship between executive pay and performance...

Persistent link: https://www.econbiz.de/10010276427

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 states in Guideline 11 that the structural presumption threshold applies to labor market concentration, while also suggesting that a stricter threshold may be warranted in labor...

Persistent link: https://www.econbiz.de/10014377304

Mergers of Equals and Unequals

Smeets, Valerie; Ierulli, Kathryn; Gibbs, Michael - Institute for the Study of Labor (IZA) - 2006

-specific human capital, corporate culture, power, or favoritism. We examine this issue using a sample of Danish mergers. Controlling …

Persistent link: https://www.econbiz.de/10005233916

Redesigning Teams and Incentives in a Merger: An Experiment with Managers and Students

Montmarquette, Claude; Rullière, Jean-Louis; Villeval, … - Institute for the Study of Labor (IZA) - 2004

Persistent link: https://www.econbiz.de/10005703548