Narrow search
Showing 1 - 2 of 2
Cover Image
Guess what
Koeppl, Thorsten V.; Monnet, Cyril - 2004
Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...
Persistent link: https://www.econbiz.de/10009639429
Cover Image
Growth strategies and value creation
Hasan, Iftekhar; Schmiedel, Heiko; Song, Liang - 2010
and investigate their short-run share price responses to the formation of 110 M&As and alliances all over the world … spanning the period 2000-2008. Our findings show that the average stock price responses for M&As and alliances are positive. M …&As create more value than alliances. For alliances, joint ventures generate more value than non-equity alliances. More value …
Persistent link: https://www.econbiz.de/10009640339