search query: @author Krishnan, H. A. / total: 2
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Author: | Krishnan, H. A. Park, D. |
Title: | The impact of work force reduction on subsequent performance in major mergers and acquisitions: An exploratory study |
Journal: | Journal of Business Research
2002 : APR, VOL. 55:4, p. 285-292 |
Index terms: | MERGERS PERFORMANCE APPRAISAL WORK MERGERS |
Language: | eng |
Abstract: | Several large firms in Corporate America in the 1990s have engaged in a major merger or acquisition with a firm in the same industry. One of the main motives behind such combinations is to create synergies by consolidating the activities in the two firms. Consolidation often involves work force reduction in the two firms. Yet, no research has examined whether such work force reduction results in superior performance. The results of this study reveal that work force reduction has an adverse impact on performance in the consolidated organization. Additionally, work force reduction in the acquired firm and work force reduction in the acquiring firm is also, separately, negatively related to post- acquisition performance. |
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