Should mergers among nonprofit organizations be regulated differently than mergers among for-profit firms? The relevant … competition with quality-differentiated goods. I compare welfare effects of mergers between firms with the effects of mergers … between nonprofits dominated by consumers, workers, suppliers, and pure donors respectively. I find that mergers both among …

price reactions than friendly mergers and acquisitions.When a UK target or bidder is involved, the abnormal returns are … match their core business.Surprisingly, domestic bids create larger short-term wealth effects than cross-border mergers and … mergers and acquisitions is synergies, agency problems or managerial hubris. We find a significant positive correlation …

.In addition, we analyze how bank mergers influence borrower relationship termination behavior and relate the propensity to … mergers, where they lose an average of about three percent.Second, bank mergers lead to higher relationship exit rates for … three years after a bank merger, and small bank mergers lead to larger increases in exit rates than large mergers …

pattern this market exhibits.From the perspective of takeover waves, we address questions such as: Why do mergers and …