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Merger Policy in Digital Markets : An Ex-Post Assessment
Argentesi, Elena - 2020
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …
Persistent link: https://www.econbiz.de/10012845689
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Mergers in the Digital Economy
Gautier, Axel - 2020
these multi-sided companies along with each company's most important market segments. We then track their mergers and …
Persistent link: https://www.econbiz.de/10012842674
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Innovation and Startup Acquisition
Bourreau, Marc; Gautier, Axel - 2024
investigate how the merger regime influences the direction of the startup's innovation. …
Persistent link: https://www.econbiz.de/10015211325
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Big Tech Acquisitions and Innovation: An Empirical Assessment
de Barsy, Laureen; Gautier, Axel - 2024
In the past 20 years, large digital platforms have made many acquisitions, mainly young and innovative startups. Few of them have been reviewed by competition authorities and little is known on their evolution after acquisition. This paper intends to fill in this gap by looking at the...
Persistent link: https://www.econbiz.de/10014534299
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Mergers in the Digital Economy
Gautier, Axel; Lamesch, Joe - 2020
these multi-sided companies along with each company's most important market segments. We then track their mergers and …
Persistent link: https://www.econbiz.de/10012179855
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Missing Events in Event Studies : Identifying the Effects of Partially-Measured News Surprises
Gürkaynak, Refet S. - 2018
Macroeconomic news announcements are elaborate and multi-dimensional. We consider a framework in which jumps in asset prices around macroeconomic news and monetary policy announcements reflect both the response to observed surprises in headline numbers and latent factors, reflecting other...
Persistent link: https://www.econbiz.de/10012908673
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The Economic Effects of International Sanctions : An Event Study
Gutmann, Jerg; Neuenkirch, Matthias; Neumeier, Florian - 2021
Although international sanctions are a widely used instrument of coercion, their economic effects are still not fully understood. This study uses a novel dataset and an event study approach to evaluate the economic consequences of international sanctions, thereby accounting for pre-treatment...
Persistent link: https://www.econbiz.de/10013232415
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The Effect of Mergers on Variety in Grocery Retailing
Argentesi, Elena; Cervone, Roberto; Duso, Tomaso; … - 2021
composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger’s effects …We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as …, controlling for selection on observables through a matching procedure when defining our control group. We show that the merger led …
Persistent link: https://www.econbiz.de/10013222202
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Distressed Acquisitions : Evidence from European Emerging Markets
Iwasaki, Ichirō; Kočenda, Evžen; Shida, Yoshisada - 2021
We analyze factors behind 23,213 distressed acquisitions in European emerging markets from 2007–2019. Besides the impact of financial ratios, legal form, ownership structure, firm size, and age, we emphasize the role of institutions and channels of their propagation. We show that the quality...
Persistent link: https://www.econbiz.de/10013231968
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Corporate Acquisitions and Firm-Level Uncertainty : Domestic versus Cross-Border Deals
Bai, Ye - 2020
-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …
Persistent link: https://www.econbiz.de/10012841927