The Impact of Firm Acquisitions on Labor
NBER Working Paper No. 2273
In this paper, we investigate the changes in wages and employment following a firm's involvement in an acquisition, compared with firms not involved in acquisitions. Contrary to the tenor of popular press coverage of acquisitions, which focuses on hostile takeovers of large firms, we find small (and sometimes positive) changes in wages and employment following an acquisition.
Document Object Identifier (DOI): 10.3386/w2273