The employment effects of mergers in a declining industry: the case of South African gold mining.
An industry in decline provides an appropriate setting for the theory that mergers and acquisitions destroy implicit contracts and allow for the shedding of excess labour. We test this theory using provincial data from the South African gold mining industry, which has been in decline over the last t...
Main Authors: | Behar, A, Hodge, J |
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Format: | Working paper |
Language: | English |
Published: |
Department of Economics (University of Oxford)
2007
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