after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …

world. We find evidence of a strong positive association between VC investments and lagged M&A activity, consistent with the … engage in more deals. We also explore the effects of country-level pro-takeover legislation passed internationally (positive … post-law changes in VC activity. VC activity intensifies after enactment of country-level takeover friendly legislation and …

Handbook as a forceful argument in favor of a merger between the two disciplines rather than the acquisition of one by the … other; a merger which combines, notably, the detailed knowledge of historical sources, the capability of distilling complex …

The paper seeks to understand the impact of the patent system on innovation by examining shifts in the strength of … patent protection across sixty countries and a 150-year period. An examination of 177 policy changes reveals that … strengthening patent protection appears to have few positive effects on patent applications by entities in the country undertaking …

Patent counts are very imperfect measures of innovative output. This paper discusses how additional data-the number of … years a patent is renewed and the number of countries in which protection for the same invention is sought - can be used to … proposed which may remove half of the noise in patent counts as a measure of innovative output. The paper also illustrates how …

merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 …

are robust to a range of approaches to address the endogeneity of firms' merger decisions …