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.
- Sprache
-
Englisch
- Erschienen in
-
Series: WIFO Working Papers ; No. 462
- Klassifikation
-
Wirtschaft
- Thema
-
Merger and acquisition evaluation
continuous treatment models
generalised propensity score matching
employment effects
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Furlan, Benjamin
Oberhofer, Harald
Winner, Hannes
- Ereignis
-
Veröffentlichung
- (wer)
-
Austrian Institute of Economic Research (WIFO)
- (wo)
-
Vienna
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Furlan, Benjamin
- Oberhofer, Harald
- Winner, Hannes
- Austrian Institute of Economic Research (WIFO)
Entstanden
- 2014
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