We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under … Cournot competition with differentiated products. Input suppliers can be interpreted as ordinary upstream firms, or trade … unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a …

firm's engagement in employee issues and the returns to shareholders around mergers and acquisitions (M&As) and analyze an … not affect shareholder value. The attenuating effect of cross-border deals is stronger when uncertainty about post-merger …-engagement on shareholder returns are driven by the acquirer rather than the target, and that they persist in the long run post-merger …

By means of an international sample of cross-border mergers and acquisitions (M&As) involving firms with outstanding …

specifically on firms' performance around and after a takeover. Despite the aggregate M&A market amounting to several trillions USD …) long-run performance. We find that post-takeover deal performance is affected by key determinants including serial … acquisitions, CEO overconfidence, acquirer-target relatedness and complementarity, and shareholder intervention in the form of …

analysis. We show that a creative corporate culture is an important driver of innovation, as measured by the number of patents … reach a higher firm value from their investment in innovation. The potential bias induced by omitted variables is then …

analysis. We show that a creative corporate culture is an important driver of innovation, as measured by the number of patents … reach a higher firm value from their investment in innovation. The potential bias induced by omitted variables is then …

merger by either reducing or increasing both price and quality. Welfare implications are not clear-cut and mergers might …We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i … demand. The merging firms will increase (reduce) both quality and price if the degree of competition is sufficiently stronger …