Title: Mergers, Employee Satisfaction, and Merger Outcomes: Evidence from Glassdoor Ratings

Speaker: Feng Hongrui, Associate Professor of Finance, Pepperdine University. His research covers empirical corporate finance, natural language processing, and ESG. He earned his Ph.D. in Finance from Oklahoma State University (2017).

Abstract: Using crowdsourced employee data, this paper shows that satisfaction significantly declines after acquisitions relative to non-merging firms. Acquirers with declining satisfaction experience negative post-merger performance, especially where workforces are redundant and integration is difficult. Serial acquirers avoid this decline.

Date & time: 23 December 2024, 10:00 – 12:00

Venue: B321, Zhixin Building, Central Campus, Shandong University