that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …

shocks drive industry-level clustering of merger activity and “who buys whom?” In the telecom industry, deregulation opened … deregulation was an efficiency-improving restructuring response to increased competition from deregulation and technological change …, and not to increased misvaluation. The economic shocks from deregulation and technological change drive merger activity by …

The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the …

passage of the Telecommunications Act of 1996. The evidence that mergers after telecommunications deregulation generate …

that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …

This paper reexamines the adaptation of board structure in U.S. electric utilities following deregulation. Post-deregulation … changes in the complexity of a firm’s operations. Electric utilities that do not become more complex after deregulation reduce … that become more complex; these utilities employ more outsiders but fewer inside directors after deregulation. We conclude …

over a period of deregulation. We focus on the 1986 deregulation of the natural gas extraction companies. This event … theory and the managerial human asset theory. Using data covering the period from 1978 to 1998, we test whether deregulation … altered composition of the board as the firm's environment changed. In particular, did deregulation cause firms to reduce the …