The Employment Effects of Mergers in a Declining Industry: The Case of South African Gold Mining.
With data from the South African gold mining industry, we find evidence consistent with theories that mergers and acquisitions allow for the shedding of excess labor. Mergers are arguably exogenous in our sample, while an industry in decline can provide a good setting for testing the theories. The d...
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| Format: | Working paper |
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Department of Economics (University of Oxford)
2008
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