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NYSE changing hands: Antitrust and attempted acquisitions of an erstwhile monopoly

Jeitschko, Thomas D. - 2013

The Intercontinental Exchange's current attempted acquisition of NYSE-Euronext is the third takeover proposal in as many years. In this article the two previous attempts are reviewed and lessons are drawn from an antitrust and competition policy perspective concerning the evolving competitive...

Persistent link: https://www.econbiz.de/10010319612

Winning by Losing: Evidence on Overbidding in Mergers

Malmendier, Ulrike; Moretti, Enrico; Peters, Florian - 2011

Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder value? Answering this question is difficult since the hypotheticalcounterfactual is hard to determine. We exploit merger contests to address the identificationissue. In those...

Persistent link: https://www.econbiz.de/10010326182

A Sectorial Analysis of Possible Information leakages prior to Merger and Acquisition Deals in Istanbul Stock Exchange

Sönmezer, Sıtkı - In: Journal of Economics and Political Economy 1 (2014) 2, pp. 186-194

This study aims to track insider trading activities prior to announcement of merger and acquisition deals in Istanbul Stock Exchange. 35 companies and 50 deals are examined for the period 2002 -2013 and significant average abnormal returns one months to twelve months prior to the dissemination...

Persistent link: https://www.econbiz.de/10010458095

Small Business Failure Rates: Choice of Definition and the Size Effect

Watson, John; Everett, Jim - In: Journal of Entrepreneurial and Small Business Finance 5 (1996) 3, pp. 271-285

Results of many previous studies on the rate of small business failure suggest an inverse relationship between size of business and propensity to fail. However, it has been suggested that this inverse relationship, between firm size and the rate of discontinuance, may more accurately be...

Persistent link: https://www.econbiz.de/10011310370

VERTICAL AND HORIZONTAL COORDINATION IN THE AGRO-BIOTECHNOLOGY INDUSTRY: EVIDENCE AND IMPLICATIONS

Kalaitzandonakes, Nicholas G.; Bjornson, Bruce - 1997

Agro-biotechnology is evolving from a pre-commercial phase dominated by basic research science to a commercial phase oriented around marketing products. In pursuing innovation rents in the commercial phase, firms are reorienting their strategies around complementary marketing and distribution...

Persistent link: https://www.econbiz.de/10009446894

Consequences of the greek economic crisis on the structure of the Greek banking system

Karafolas, Simeon - In: Financial Studies 23 (2019) 4 (86), pp. 6-20

-performing loans, the reduction of banks operating in Greece due to mergers and acquisitions, bank bankruptcy and withdrawal of foreign …

Persistent link: https://www.econbiz.de/10012484789

Why mergers reduce profits and raise share prices: A theory of preemptive mergers

Fridolfsson, Sven-Olof; Stennek, Johan - 2001

We explain the empirical puzzle why mergers reduce profits and raise share prices. If being an “insider” is better than … mergers occur, when they occur, and how the surplus is shared. …

Persistent link: https://www.econbiz.de/10010278954

The effects of mergers: an international comparison

Gugler, Klaus; Mueller, Dennis C.; Yurtoglu, B. Burcin; … - 2001

This paper analyzes the effects of mergers around the world over the past 15 years. We utilize a large panel of data on … mergers to test several hypotheses about mergers. The effects of the mergers are examined by comparing the performance of the … that mergers on average do result in significant increases in profits, but reduce the sales of the merging firms …

Persistent link: https://www.econbiz.de/10010279381

The impact of horizontal mergers on rivals: Gains to being left outside a merger

Clougherty, Joseph A.; Duso, Tomaso - 2008

that it is beneficial to be a nonmerging rival firm to a large horizontal merger. Using a sample of mergers with expert …

Persistent link: https://www.econbiz.de/10010280623

MERGERS AND ACQUISITIONS IN EASTERN EUROPE: 1990-2018

FLAH, mohamed - 2022

In a context of globalized competition, mergers and acquisitions are presented as effective strategies in front of … increasingly important in terms of number and volume of mergers and acquisitions’ operations. Our research work consists in … providing descriptive complementary insights to previous research, by analyzing the characteristics of mergers and acquisitions …

Persistent link: https://www.econbiz.de/10013278868