• xmlui.mirage2.page-structure.header.title
    • français
    • English
  • Help
  • Login
  • Language 
    • Français
    • English
View Item 
  •   BIRD Home
  • LEDa (UMR CNRS 8007, UMR IRD 260)
  • LEDa : Publications
  • View Item
  •   BIRD Home
  • LEDa (UMR CNRS 8007, UMR IRD 260)
  • LEDa : Publications
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Browse

BIRDResearch centres & CollectionsBy Issue DateAuthorsTitlesTypeThis CollectionBy Issue DateAuthorsTitlesType

My Account

LoginRegister

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors
Thumbnail - Request a copy

Cross-Border M&A Activity and Wage Dynamics

Toubal, Farid; Sly, Nicholas; Orefice, Gianluca (2021), Cross-Border M&A Activity and Wage Dynamics, Industrial & Labor Relations Review, 74, 1, p. 131-162. 10.1177/0019793919839031

Type
Article accepté pour publication ou publié
Date
2021
Journal name
Industrial & Labor Relations Review
Volume
74
Number
1
Publisher
Sage
Pages
131-162
Publication identifier
10.1177/0019793919839031
Metadata
Show full item record
Author(s)
Toubal, Farid
Centre d'économie de la Sorbonne [CES]
Centre d'Etudes Prospectives et d'Informations Internationales [CEPII]
Center for Economic Policy Research [CEPR]
Sly, Nicholas
CESifo
Orefice, Gianluca
Centre d'Etudes Prospectives et d'Informations Internationales [CEPII]
Laboratoire d'Economie de Dauphine [LEDa]
Abstract (EN)
Using detailed administrative data that link French firms and workers over the years 2002 to 2007, the authors document declines in worker-level wages ahead of the time their employer is acquired by a foreign firm that are more than offset by gains in wages that emerge after cross-border acquisition. Specifically, relative wages fall by an estimated 7.5% in the years just before foreign acquisition, and they rise by approximately 12.5% in the years afterward. Changes in workers’ earnings are evident in both wages and in-kind payments given to workers. Moreover, the authors provide theoretical foundations for the conditional mean independence assumption that underlies commonly applied empirical techniques.
Subjects / Keywords
Cross-border M&A; merger and acquisition; wage dynamics; in-kind payments; fair wages; multinational firms
JEL
G34 - Mergers; Acquisitions; Restructuring; Corporate Governance
F23 - Multinational Firms; International Business
J33 - Compensation Packages; Payment Methods

Related items

Showing items related by title and author.

  • Thumbnail
    Financial, Moral and Political Meanings of Cross-Border Mergers and Acquisitions in China 
    Ortiz, Horacio (2016) Communication / Conférence
  • Thumbnail
    Money as anthropological reality? The everyday production of profits, states and cultures in cross-border investment in Shanghai 
    Ortiz, Horacio (2017) Communication / Conférence
  • Thumbnail
    Imaginaries of price in cross-border investment in China: Calculation, personal trajectory, and organization 
    Ortiz, Horacio (2017) Communication / Conférence
  • Thumbnail
    Imaginaries of cross-border investment in Shanghai: profits, states and cultures 
    Ortiz, Horacio (2016) Communication / Conférence
  • Thumbnail
    The multiplicity of imaginaries of profit in cross-border investment in China: calculation, organizations, identities and political institutions in a global space 
    Ortiz, Horacio (2017-06) Communication / Conférence
Dauphine PSL Bibliothèque logo
Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16
Phone: 01 44 05 40 94
Contact
Dauphine PSL logoEQUIS logoCreative Commons logo