haku: @author Neumark, D. / yhteensä: 6
viite: 5 / 6
| Tekijä: | Gokhale, J. Groshen, E. Neumark, D. |
| Otsikko: | Do hostile takeovers reduce extramarginal wage payments? |
| Lehti: | Review of Economics and Statistics
1995 : AUG, VOL. 7:3, p. 470-485 |
| Asiasana: | MERGERS PAY ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | The authors study the relationship between proxies for extramarginal wage payments and subsequent hostile takeover activity, and find little evidence that the takeovers are motivated by the expropriation of extramarginal wages. Then, using data on wage and employment structures both before and after takeovers, the authors investigate whether proxies fro extramarginal wage payments drop after hostile takeovers. The ex post experiments provide evidence consistent with one version of the expropriation hypothesis. |
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