Global Merger Study: Employment Protection And Takeovers

Employment Protection And Takeovers

Olivier Dessaint

University of Toronto - Rotman School of Management

Andrey Golubov

University of Toronto - Rotman School of Management

Paolo F. Volpin

City University London - Faculty of Finance; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI)

July 6, 2015

Abstract:

We show that labor restructuring is a key driver of corporate takeovers around the world. In a difference-in-differences setting, major...

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