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Event studies in merger analysis : review and an application using U.S. TNIC data

Klein, Timo - 2020 - Revision: March 2020

.S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited …. Event studies have been used as one method to acquire empirical insights into the competitive effects of mergers. However …

Persistent link: https://www.econbiz.de/10012161053

Antitrust in open economies

Francois, Joseph F.; Horn, Henrik - 2006

We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral (cooperative) determination of competition policy, exploring the properties of the policy equilibrium. It is not imperfect competition, but variation in competitive stance between...

Persistent link: https://www.econbiz.de/10011348345

Countries of a feather flock together

Marrewijk, Charles van; Garita, Gus - 2008 - This version: September 2008

We analyze the economic forces underlying cross-border Mergers and Acquistions (M&As) using a large bilateral panel … Bergstrand and Egger (2007) on Rest of World GDP. …

Persistent link: https://www.econbiz.de/10011376623

Cross-boarder mergers and acquisitions : on revealed comparative advantage and merger waves

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2008

Persistent link: https://www.econbiz.de/10003645088

Cross-border mergers and acquisitions : on revealed comparative advantage and merger waves

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2008 - This version: January 2008

By combining two large data sets (on international trade flows and cross-border mergers and acquisitions - M&As), we … interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …

Persistent link: https://www.econbiz.de/10011374427

Consolidation waves

Berg, Ward A. van den; Smit, Han T. J. - 2007

This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is likely to play in the consolidation game. We propose that whether a firm assumes the role of rival consolidator, target, or passive observer depends on the position of the firm...

Persistent link: https://www.econbiz.de/10011372521

Corporate acquisitions and bank relationships

Volosovych, Vadym; Poelhekke, Steven; Vlahu, Razvan - 2021

Using a large dataset of firm-bank and ownership information for 23 European countries over 2008-2015, we study the dynamics of bank relationships after corporate acquisitions and the effects of changing banks on firm performance. Foreign acquirers do not rely on internal capital markets but...

Persistent link: https://www.econbiz.de/10012621574

How do acquisitions affect the mental health of employees?

Bach, Laurent; Baghai, Ramin P.; Bos, Marieke; Silva, Rui - 2021 - This draft: October 2021

failed mergers. Our findings point to mental illness as a significant non-pecuniary cost of acquisitions. …

Persistent link: https://www.econbiz.de/10012665932

The deterrence effects of US merger policy instruments

Clougherty, Joseph A.; Seldeslachts, Jo - 2011

Persistent link: https://www.econbiz.de/10010190655

Legal principles in antitrust enforcement

Houba, Harold - 2013 - Revised version: August 2013

We study antitrust enforcement that channels price-fixing incentives through setting fines and allocating resources to detection activities. Antitrust fines obey four legal principles: punishments should fit the crime, proportionality, bankruptcy considerations, and minimum fines. Bankruptcy...

Persistent link: https://www.econbiz.de/10010224778