Does speculative news hurt productivity? evidence from takeover rumors

Speculative news on corporate takeovers may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and reduced collaboration and morale among employees and managers. Using a panel of OECD-headquartered firms, we show that firm productivity temporarily declines upon...

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Andres, Christian 1977- (VerfasserIn), Bazhutov, Dmitry (VerfasserIn), Cumming, Douglas J. (VerfasserIn), Limbach, Peter (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Frankfurt am Main, Germany Center for Financial Studies, Goethe University 2023
Schriftenreihe:	CFS working paper series no. 701
Schlagworte:	Distraction Employee commitment Employee rights Fear of job loss Productivity Shareholder wealth Takeover speculation Graue Literatur
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