. We contrast a measure of the merger’s profitability based on event studies with one based on accounting data. We find …We use a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors …" basierende Rentabilitätsmaß der Fusion zu einer alternativen Maß, die durch Bilanzdaten konstruiert wurde. Wir finden, dass diese …

Using a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors … case of anticompetitive mergers. …

merging and rival firms’ stocks to quantify the profitability effects of mergers and merger control decisions. We back up our … results and methodology by using alternative measures for the merger’s profitability effects based on balance-sheet data and … assess merger control’s effectiveness. By using data gathered from several sources and employing different evaluation …

merging and rival firms’ stocks to quantify the profitability effects of mergers and merger control decisions. We back up … assess merger control’s effectiveness. By using data gathered from several sources and employing different evaluation … techniques, we analyze the economic effects of the European Commission’s (EC) merger control decisions and distinguish between …

the period 1990–2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

There are legal grounds to hear competitors in merger control proceedings, and competitor involvement has gained … in EU merger cases and give an overview of the legal discussion in the EU and US. …

Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking … mergers that were under the European Commission’s scrutiny from 1990 to 2002. We use an event study methodology to identify … the potential anticompetitive effects of mergers as well as the remedial provisions on these transactions. Stock market …

reactions around the day of the merger’s announcement provide information on the first question, whereas the stock market … hypotheses on the effects that remedies are supposed to achieve depending on the merger’s competitive outcome. We isolate several …Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking …