Cross-Border Merger and Acquisition Activity and Wage Dynamics

Autor:	Nicholas Sly, Gianluca Orefice, Farid Toubal
Rok vydání:	2019
Předmět:	Organizational Behavior and Human Resource Management Labour economics Multinational corporation Dynamics (music) Management of Technology and Innovation Strategy and Management media_common.quotation_subject Wage Economics media_common
Zdroj:	ILR Review. 74:131-162
ISSN:	2162-271X 0019-7939
DOI:	10.1177/0019793919839031
Popis:	Using detailed administrative data that link French firms and workers over the years 2002 to 2007, the authors document declines in worker-level wages ahead of the time their employer is acquired by a foreign firm that are more than offset by gains in wages that emerge after cross-border acquisition. Specifically, relative wages fall by an estimated 7.5% in the years just before foreign acquisition, and they rise by approximately 12.5% in the years afterward. Changes in workers’ earnings are evident in both wages and in-kind payments given to workers. Moreover, the authors provide theoretical foundations for the conditional mean independence assumption that underlies commonly applied empirical techniques.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::564f26698adaf24f058e6c328906abc6 https://doi.org/10.1177/0019793919839031 Zobrazit plný text záznamu