Naslov
Target company's employees - What changes after a takeover?
(Target company's employees - What changes after a takeover?")

Autori
Višić, Josipa ; Čerina, Zorana ; Lončar, Ana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proccedings RED 2021 / Leko Šimić, Mirna ; Crnković, Boris - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2021, 1118-1132

ISBN
9771848955005

Skup
10th International Scientific Symposium Region, Entrepreneurship, Development (RED 2021)

Mjesto i datum
Online, 17.06.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
takeover ; employees ; target company ; job satisfaction ; case study

Sažetak
Takeovers change involved companies and their multiple effects have been studied for decades. However, this paper is focused solely on employees of target companies since managers and scientists should pay more attention to this takeover effect. The research analyses whether managers have put an effort into appropriately and in timely manner informing employees about forthcoming takeover. Further, the goal is to detect employees' general attitude toward the takeover and their job satisfaction analysed though job various segments. Additionally, in order to indirectly measure strength of employees' emotions towards the takeover and a current job in general, employees have been asked to state whether they plan to change their employer in the next year or two. Case study methodology has been used to analyse the impact of a takeover on employees of two Croatian target companies. Due to sensitivity of the situation and the fact that this type of study on Croatian companies is rare, a precondition to gather data was to keep companies' identities hidden. Both companies belong to the same sector according to statistical classification of economic activities, they have a different acquirer and these companies are not related to each other. Data obtained from employees of both companies have been gathered during 2019 and 2020 via survey few months after respective takeovers. Acquired results indicate that in both takeovers a significant portion of employees have not received a formal notice about probable or ongoing acquisition process (18.2% of employees in company X and 27% in company Y). While attitude on 13 different job aspects varies as expected, in both companies employees are mostly indifferent or have negative attitude towards respective takeovers. Further, almost 30% (29.1%) of employees in company X stated that they plan to change employer, while in company Y this portion is 18.9%.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA