The labor market effect of foreign acquisitions: Evidence from Chinese manufacturing firms

Assessing employment effects of mergers using accounting measures: Some evidence from Greece in the period of economic crisis

“…The aim of the study is to analyze the total number of employees of the sample firms in relation with several basic accounting measures, such as firm"s profitability (net income before taxes, operating income), capital adequacy (shareholders" funds, total assets), and firm"s liquidity (working capital). The ratios chosen (VAR_1-VAR_5) for the analysis and evaluation of the sample, in accordance with the methodologies following previous studies that employed accounting measures (Hosono et al, 2009;Liu et al, 2015;Schiffbauer et al, 2017), describe basically the employment effects and the efficiency of labor (labor productivity) of a company. More specifically, the ratios of the present study study are presented at Table 3.…”

“…Their results showed that the impacts of foreign acquisitions in China are different from but also comparable to those in developed countries found in the literature. Specifically, Liu et al (2015) argued that foreign acquisitions have significant positive effects on the levels of wage and employment of target firms.…”

“…One initial research that examines the labor effects of M&As in China was carried out by Liu et al (2015). They examined the causal effect of foreign acquisitions on the labor market in China and their sample consists of 496 foreign completed acquisition deals in China over the period of 1998 to 2007.…”

“…According to Liu et al (2015), the labor market effects of mergers and acquisitions (M&As) are worth intensive empirical investigation, besides the important policy implications for the host country, as the theoretical analyses do not reach a consensus. While the existing literature on mergers analyzes their impact on business activity and human factor from several aspects and using several methodologies, "there is very little systematic empirical evidence on the employment effects of mergers and almost none outside the USA" (Conyon et al, 2002: 32).…”

Perspectives on FDI, Debt and Economic Growth in Emerging Markets: Evidence from China

“…And specific to China, evidence is shown that FDI has had a positive impact on the economic growth (Sun and Parikh, 2001; Zhang and Felmingham, 2002; Ljungwall and Tingvall, 2010) [19]- [22]. Whalley and Xin (2010) states that China's Foreign Invested Enterprises (FIEs) account for 50% of exports and 60% of imports, and contributed over 40% of China's economic growth [23].…”