Journal of Accounting and Taxation
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Article Number - 30830C066682


Vol.9(10), pp. 131-138 , November 2017
https://doi.org/10.5897/JAT2017.0284
ISSN: 2141-6664


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Full Length Research Paper

Assessing employment effects of mergers using accounting measures: Some evidence from Greece in the period of economic crisis



Nikolaos Giovanis
  • Nikolaos Giovanis
  • Department of Business Administration, Technological Educational Institute (T.E.I.) of Central Macedonia, Greece.
  • Google Scholar
Panagiotis Pantelidis
  • Panagiotis Pantelidis
  • Department of Business Administration, Technological Educational Institute (T.E.I.) of Central Macedonia, Greece.
  • Google Scholar
Michail Pazarskis
  • Michail Pazarskis
  • Department of Accounting and Finance, Technological Educational Institute (T.E.I.) of Central Macedonia, Greece.
  • Google Scholar
Eleni Tairi
  • Eleni Tairi
  • Department of Business Administration, Technological Educational Institute (T.E.I.) of Central Macedonia, Greece.
  • Google Scholar







 Received: 06 October 2017  Accepted: 01 November 2017  Published: 30 November 2017

Copyright © 2017 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0


This study analyzed the interdependencies between employment and accounting measures, in order to evaluate the merger effects during the period of the economic crisis in Greece. More specifically, the study analyses five accounting measures in comparison to the total number of employees, as financial ratios, from a sample of all Greek listed firms in the Athens Exchange that executed one merger in the period from 2009 to 2013 as acquirers. From the analysis of the results, it is clear that the mergers had no effect on employment and labor productivity for the whole sample firms merged from 2009 to 2013 and the productivity of workers have not improved significantly after the mergers. Lastly, the study examined the industry differentiation of labor productivity after mergers. The results reveal, in general, a better performance for the commerce and services (CMS) firms from the sample in contrast to the three other basic industry categories: Primary sector (PRI), industrial sector (IND), and constructions and building materials (CNΒ).

 

Key words: Mergers, employment, labor productivity, ratios.

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APA Giovanis, N., Pantelidis, P., Pazarskis, M., & Tairi, E. (2017). Assessing employment effects of mergers using accounting measures: Some evidence from Greece in the period of economic crisis. Journal of Accounting and Taxation, 9(10), 131-138.
Chicago Nikolaos Giovanis, Panagiotis Pantelidis, Michail Pazarskis and Eleni Tairi. "Assessing employment effects of mergers using accounting measures: Some evidence from Greece in the period of economic crisis." Journal of Accounting and Taxation 9, no. 10 (2017): 131-138.
MLA Nikolaos Giovanis, et al. "Assessing employment effects of mergers using accounting measures: Some evidence from Greece in the period of economic crisis." Journal of Accounting and Taxation 9.10 (2017): 131-138.
   
DOI https://doi.org/10.5897/JAT2017.0284
URL http://www.academicjournals.org/journal/JAT/article-abstract/30830C066682

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