This paper examines the employment effects of acquisitions for acquired European firms, taking non-random selection of acquisition
targets explicitly into account. Following the empirical firm growth literature and theories put forward in the mergers and
acquisition (M&A) literature, we control for convergence dynamics in firm size and distinguish between different types of
acquisitions. Empirically, we estimate an endogenous treatment model using accounting data for a newly created sample of acquired
and non-acquired European firms. Our results reveal positive employment effects for different types of acquisitions indicating
that M&As likely induce efficiency gains.
Keywords:TP_Wettbewerbsfaehigkeit_Unternehmen
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie