Longitudinal firm-level data: problems and solutions

Geurts, Karen

doi:10.1007/s11187-015-9693-6

“…The second source is based on employee‐flow linkages between firms using a linked employer‐employee data set (Geurts, ; Geurts and Van Biesebroeck, ). A takeover is defined as an event where an existing company absorbs the workforce of another firm and the latter is dissolved after the transaction.…”

Section: Takeover Activitymentioning

confidence: 99%

“…This process is briefly described in the Appendix and documented in greater detail in Geurts () and Geurts and Van Biesebroeck ().…”

mentioning

confidence: 99%

Employment growth following takeovers

Geurts

¹

,

Biesebroeck

²

2019

The RAND J of Economics

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We construct a comprehensive sample of takeovers in Belgium that shows they are remarkably common. Takeovers involve both small and large firms and, over a five‐year period, 17% of private sector employment. We estimate their impact on employment growth using a framework that explicitly takes into account that takeovers involve pairs of firms and that post‐merger outcomes are heterogeneous. The average merger temporarily reduces employment of the combined entity by −1.4%. Mergers likely to be motivated by market power show a stronger and permanent employment reduction of −14%, whereas those motivated by efficiency gains lead to employment expansions of +10%.

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“…20 The second source is based on employee-flow linkages between firms using a linked employer-employee data set (Geurts, 2016;Geurts and Van Biesebroeck, 2016). It includes share deals between companies where the buyer becomes the owner of the other legal entity and acquires the target's assets as well as all existing liabilities and debts.…”

Section: Takeover Activitymentioning

confidence: 99%

“…More details on the methods for identifying events and imputing employment histories is provided in Geurts (2016) and Geurts and Van Biesebroeck (2016). More details on the methods for identifying events and imputing employment histories is provided in Geurts (2016) and Geurts and Van Biesebroeck (2016).…”

Section: Appendix Amentioning

confidence: 99%

“…Note that potential acquirers are a subset of potential targets.18 This process is briefly described in the Appendix and documented in greater detail inGeurts (2016) and Geurts and Van Biesebroeck (2016). Note that potential acquirers are a subset of potential targets.18 This process is briefly described in the Appendix and documented in greater detail inGeurts (2016) and Geurts and Van Biesebroeck (2016).…”

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confidence: 99%

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Employment Growth Following Takeovers

Geurts

¹

,

Biesebroeck

²

2017

Self Cite

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We construct a comprehensive sample of takeovers in Belgium that shows they are remarkably common. Takeovers involve both small and large firms and, over a five‐year period, 17% of private sector employment. We estimate their impact on employment growth using a framework that explicitly takes into account that takeovers involve pairs of firms and that post‐merger outcomes are heterogeneous. The average merger temporarily reduces employment of the combined entity by −1.4%. Mergers likely to be motivated by market power show a stronger and permanent employment reduction of −14%, whereas those motivated by efficiency gains lead to employment expansions of +10%.

show abstract