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Labour productivity and employment effects of takeovers in Croatia

This paper focuses on takeover effects on labour productivity and employment of target companies. The empirical analysis is performed on Croatian companies which have taken over in the period from 2003 to 2008. The results indicate that these companies have improved their labour productivity 3 years after the takeover but their labour productivity still has remained lower than that of peer companies. Regarding the number of employees, takeovers haven't significantly changed the level of employment for targets, i.e. these companies employed more workers than the peer companies in each observed year.

takeover; labour productivity; employment; Croatia

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