This paper investigates the post-merger performance effects of merger and acquisitions (M&As). Our study is based on a … measures of economic performance but also on innovation performance. For the empirical analysis we use a matching framework …

While previous studies on mergers and acquisitions (M&As) mostly relied on large firms, our study is based on a sample … firm characteristics that determine the innovation and economic performance of M&A. The performance measures are based on … market characteristics such as demand development or competition conditions. Rather astonishingly, it is also not affected by …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

(SBL) in the context of mergers and acquisitions. From all mergers that involved community banks, we examine the varying … impact on SBL depending on the local presence of the acquirers’ and the targets’ operations prior to acquisitions. Our … results indicate that, relative to counties where the acquirer had operations before the merger, local SBL declined …

In this paper, we examine the impact of mergers among German savings banks on the extent to which these savings banks … small business lending in the aftermath of mergers. However, using a proprietary data set of German savings banks we find … businesses compared to prior to the merger or compared to the contemporaneous lending by non-merging banks. We investigate the …

a dataset of small business financing, we find that mergers of small banks have a negative impact on soft information … acquisition, whereas mergers of large banks have no impact. We also find some evidence that an increase in organizational … complexity upon a merger, rather than a post-merger cost-cut, is likely to cause a negative and significant impact on soft …

Assessing the impacts of bank mergers on small firms requires separating borrowers with single versus multiple banking …-relationship borrowers who "switch" to another bank following a merger will be less harmed than those whose relationship is "dropped" and not … to be dropped. We track post-merger performance and show that many dropped target-bank borrowers are harmed by the merger …