Krishnan, Hema A.; Hitt, Michael A.; Park, Daewoo - In: Journal of Management Studies 44 (2007) 5, pp. 709-732
This study suggests that paying acquisition premiums leads to workforce reductions in the merged firm, which in turn results in poorer post-acquisition performance. This issue is important to scholars and practising managers given the pervasiveness and importance of knowledge and human capital...