Kuvandikov, Azimjon and Pendleton, Andrew and Higgins, David (2014) Employment Change after Takeovers: The Role of Executive Ownership. British Journal of Industrial Relations, 52 (2). pp. 191-236. DOI https://doi.org/10.1111/bjir.12012
Kuvandikov, Azimjon and Pendleton, Andrew and Higgins, David (2014) Employment Change after Takeovers: The Role of Executive Ownership. British Journal of Industrial Relations, 52 (2). pp. 191-236. DOI https://doi.org/10.1111/bjir.12012
Kuvandikov, Azimjon and Pendleton, Andrew and Higgins, David (2014) Employment Change after Takeovers: The Role of Executive Ownership. British Journal of Industrial Relations, 52 (2). pp. 191-236. DOI https://doi.org/10.1111/bjir.12012
Abstract
The article examines the impact of executive ownership and other ownership and governance factors on employment change after takeovers. Drawing on a dataset of 235 takeovers, the results show that there is a reduction in employment in just over 50 per cent of the sample. Higher levels of executive share ownership are associated with lower probabilities of employee layoffs post-takeover, and there is a positive relationship between executive ownership and employment growth. The effect of executive options on employment change is generally insignificant, as are the effects of other features of ownership and governance. The evidence suggests that executives with higher levels of ownership tend to mount takeovers of better-performing firms and to implement takeovers aimed at growth. Copyright © 2014 John Wiley & Sons Ltd and London School of Economics 52 2 June 2014 10.1111/bjir.12012 Change at Work Change at Work © 2013 John Wiley & Sons Ltd/London School of Economics.
Item Type: | Article |
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Subjects: | H Social Sciences > HD Industries. Land use. Labor |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School Faculty of Social Sciences > Essex Business School > Essex Accounting Centre |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 03 May 2013 12:55 |
Last Modified: | 18 Aug 2022 11:06 |
URI: | http://repository.essex.ac.uk/id/eprint/6120 |
Available files
Filename: 14454.pdf