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.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
We study the process of corporate restructuring for a sample of 298 firms during the 1989-98 period that announce that they are considering restructuring alternatives. We find that restructuring is a lengthy process, with the majority of the restructuring period occurring prior to any definitive...
Persistent link: https://www.econbiz.de/10011569361
This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10011490438
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …
Persistent link: https://www.econbiz.de/10012137099
fundamental value using a sample of 37 mergers from U.S. industries completed within 1992-1997. For this purpose, the post-merger …This paper examines whether market evaluates merger announcements in a reasonable way based on their effect on … to market efficiency hypothesis. Full sample analysis shows that bidder abnormal stock return at the merger announcement …
Persistent link: https://www.econbiz.de/10013104297
Motorola Mobility, DoubleClick or Nest Labs, mergers and acquisitions in the digital economy have been controversial. Some of … revolution in how we conduct merger control, it is likely to require some significant changes in competition guidelines and will …, which are explored in this study. This underlines the need for forward looking merger review and the possibility of using …
Persistent link: https://www.econbiz.de/10013230842
increased the risks associated with the merger control process for businesses in Ireland and the EU. The first section of this … section examines proposed reforms regarding the types of transactions which must be notified under the merger control rules at …
Persistent link: https://www.econbiz.de/10014130931
We study the effect of a merger in a dynamic high-technology industry-the videogame market- which is characterized by … frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in the UK, we … suggest that there has been a reduction in the general level of prices of both new and pre-owned games after the merger. This …
Persistent link: https://www.econbiz.de/10010190270
We study the effect of a merger in a dynamic high-technology industry - the videogame market - which is characterized … by frequent introduction of new products. To assess the impact of the merger between two large specialist retailers in … the merger. This decline has been more marked for the merging parties, which suggests that the merger between Game and …
Persistent link: https://www.econbiz.de/10011730834
Persistent link: https://www.econbiz.de/10010422388