Arbeitspapier
A Note on Merger and Acquisition Evaluation
This note proposes the continuous treatment approach as a valuable alternative to propensity score matching for evaluating economic effects of mergers and acquisitions (M&As). This framework allows to consider the variation in treatment intensities explicitly, and it does not call for the definition of cut-off values in traded ownership shares in order to construct a binary treatment indicator. We demonstrate the usefulness of this approach using data from European M&As and by relying on the example of post-M&A employment effects.
- Language
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Englisch
- Bibliographic citation
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Series: WIFO Working Papers ; No. 462
- Classification
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Wirtschaft
- Subject
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Merger and acquisition evaluation
continuous treatment models
generalised propensity score matching
employment effects
- Event
-
Geistige Schöpfung
- (who)
-
Furlan, Benjamin
Oberhofer, Harald
Winner, Hannes
- Event
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Veröffentlichung
- (who)
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Austrian Institute of Economic Research (WIFO)
- (where)
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Vienna
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Furlan, Benjamin
- Oberhofer, Harald
- Winner, Hannes
- Austrian Institute of Economic Research (WIFO)
Time of origin
- 2014
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