Liberalization ; Mergers & Acquisitions ; Corporate Governance ; Ownership … seller can be determined. We show that policies blocking foreign acquisitions to protect the domestic industry can be … restrictions. This calls for a "financial" efficiency defense in the merger law. We also show that cross-border M&As are not only …

-riding problem associated with mergers, and second, destructive predation helps firms avoid the bidding competition. It is also shown … stronger, since it allows mergers bu limits the bidding competition. …This paper studies the interaction between the incentives for predation and mergers. I show that the incentive for …

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … provisions. This points to a basic trade-off between the goals of raising competition in technology-intensive markets and the …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … provisions. This points to a basic trade-off be- tween the goals of raising competition in technology-intensive markets and the …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … provisions. This points to a basic trade-off between the goals of raising competition in technology-intensive markets and the …

them. Consequently, we demonstrate that competition policy has a clearer role in promoting a higher rate of innovation in …This paper examines the interaction between intellectual property protection and competition policy on the choice of … entrepreneurs with respect to commercialization as well as the rate of innovation. We find that stronger intellectual property …

them. Consequently, we demonstrate that competition policy has a clearer role in promoting a higher rate of innovation in …This paper examines the interaction between intellectual property protection and competition policy on the choice of … entrepreneurs with respect to commercialization as well as the rate of innovation. We find that stronger intellectual property …

This paper evaluates the welfare consequences of the failing firm doctrine in the EU and US merger laws. I combine an … cost inefficiencies, due to a 'least danger to competition' (LDC) condition, which favors small, and thus inefficient …, firms. In particular, the LDC condition implies that small firms can preempt acquisitions that would lead to both higher …