Do Hostile Takeovers Reduce Extramarginal Wage Payments?
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Hostile takeovers may reduce the prevalence of long-term employment contracts if they facilitate the opportunistic expropriation of extramarginal wage payments. Our tests of two versions of the expropriation hypothesis improve on existing research by using firm- and establishment-level data from an
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美国国家经济研究局创建时间：
1993-04-01
