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SUMMARY:Online seminar – How do acquisitions affect the mental health of
  employees? - Ramin Baghai\, Associate Professor of Finance\, Stockholm Sc
 hool of Economics
DTSTART:20211019T120000Z
DTEND:20211019T131500Z
UID:TALK166174@talks.cam.ac.uk
CONTACT:Emily Brown
DESCRIPTION:Using employer-employee level data linked to individual health
  records\, we document that the incidence of stress\, anxiety\, depression
 \, psychiatric medication usage\, and even suicide increase following acqu
 isitions. These effects are prevalent among employees from both targets an
 d acquirers\, in weak as well as in growing\, profitable firms. Employees 
 who experience negative career developments within the merging firms\, ‘
 blue-collar’ workers\, and employees with lower cognitive and non-cognit
 ive skills are most affected. A variety of tests address endogeneity conce
 rns\, including an analysis exploiting failed mergers. Our findings point 
 to mental illness as a significant non-pecuniary cost of acquisitions.\n\n
 \n
LOCATION:via zoom 
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