o:29530 International Acquisitions and Labor Productivity in Serbian Cement Industry en ABSTRACT: This paper investigates the impact of international acquisitions on the productivity of acquired companies in the cement industry of the Republic of Serbia. We analyze the productivity of companies in the cement industry during the twenty-year period from 2000 to 2019. Acquisitions in the cement industry are one of the first international acquisitions realized in the Republic of Serbia. The multinational companies that took over the cement plants are from Switzerland, France and Greece. The paper analyzes the effects of international acquisitions on the productivity of acquired companies in the short and long term. The research results show that the productivity of all acquired companies improved both in the short term and in the long term after the acquisitions, with the largest productivity improvements being achieved in the short term. In addition, the research results show that Lafarge Serbia recorded the largest improvement in labor productivity, which, compared to other companies, optimized the number of employees and increased production volume. This paper is a result of a research project under the code 41010 (subproject: Management and Marketing Research as a Support to the Interdisciplinary Project Realization) financed by the Ministry of Science and Technological Development of the Republic of Serbia Key words: International acquisitions, labor productivity, cement industry 1552099 10.28934/ea.21.54.1.pp139-156 1552101 1821-2573 2023-05-17T09:28:46.793Z 44 no 46 Slađana Savović Univerzitet u Kragujevcu Ekonomski fakultet Dušan Marković Univerzitet u Beogradu Ekonomski fakultet person 13834599 0000-0003-1512-739X application/pdf 1398793 https://phaidrabg.bg.ac.rs/o:29530 no yes 18 70 92000002 11A03 Economic Analysis: Applied Research in Emerging Markets 54 1 139 156 2021