Determinants of layoff announcements following M&As: an empirical investigation

Volume: 19, Issue: 10, Pages: 989 - 999
Published: Oct 1, 1998
Abstract
It is often argued that mergers and acquisitions (M&As) lead to employee layoffs. This paper examines factors that influence the probability that a layoff announcement will follow an M&A. A sample of 136 large M&As, involving U.S. targets, that occurred between 1989 and 1993 is analyzed. Analyses of this sample indicate that the probability of a layoff announcement is higher if the firms involved in the transaction are related. The probability...
Paper Details
Title
Determinants of layoff announcements following M&As: an empirical investigation
Published Date
Oct 1, 1998
Volume
19
Issue
10
Pages
989 - 999
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