{"id":54731,"date":"2023-12-01T18:26:37","date_gmt":"2023-12-01T17:26:37","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/a-note-on-merger-and-acquisition-evaluation\/"},"modified":"2025-10-22T22:19:18","modified_gmt":"2025-10-22T20:19:18","slug":"a-note-on-merger-and-acquisition-evaluation","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/54731\/","title":{"rendered":"A Note on Merger and Acquisition Evaluation"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-54731","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This note proposes the continuous treatment approach as a valuable alternative to propensity score matching for evaluating economic effects of merger and acquisitions (M&amp;As). This framework allows considering the variation in treatment intensities explicitly, and it does not call for an arbitrary definition of cutoff values in traded ownership shares to construct a binary treatment indicator. We demonstrate the usefulness of this approach using data from European M&amp;As and by relying on the example of post-M&amp;A employment effects. The empirical exercise reveals some heterogeneities over the whole distribution of acquired ownership shares and across different types of M&amp;As and country groups.","onlinedate":"2016-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"20160101","publication_date_year":"2016","publication_date_full":false,"publication_num_pages":"","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/doi.org\/10.1093\/icc\/dtv033","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"25","monthly_report_pages":"447-455","monthly_report_pages_sort":"447","issue":"3","journal":"Industrial and Corporate Change","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3491,3481],"collaboration":"","persons":[13263,3600,4973],"persons_data":"[{\"personId\":13263,\"personName\":\"Benjamin Furlan\",\"organisationNames\":[]},{\"personId\":3600,\"personName\":\"Harald Oberhofer\",\"organisationNames\":[]},{\"personId\":4973,\"personName\":\"Hannes Winner\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[42047],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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