以2002~2008年沪深两市发生并购的上市公司的平衡面板数据集为研究总样本,通过构造面板数据中的固定效应变截距模型,探究并购对公司劳动力需求的影响。主要结论是:并购对公司劳动力需求有显著的影响,发生并购后会使劳动力需求显著地减少;在并购前提下,职工薪酬对公司劳动力需求产生显著的正向影响,总销售收入对公司劳动力需求产生显著的正向影响。
This paper chooses balanced pane1 data of listed companies engaged in M&A from Shanghai and Shenzhen stock exchanges during 2002 and 2008. It analyzes the impact of M&A activity on labor demand based on panel data of fixed-effect variable intercept model. The main conclusions are: M&A activity has significant impact on labor demand and significantly reduces labor demand; on the premise of M&A, both payment and sales revenue have significant posi- tive impact on labor demand.