We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …

merger markets and examine the movements of bidding firms' stock prices, around, before and after mergers announcements. Our …This paper provides evidence of merger timing induced by investors' overoptimism. We distinguish between hot and cold … results provide strong evidence that mergers are driven by stock market valuation and that these events occur during periods …

I examine the long-term valuation consequence of investment in mergers and acquisitions on acquiring firms through the …

This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non … predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R …

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. …

Merger control exists to help safeguard effective competition. However, findings from a natural experiment suggest that … regulatory merger control reduces the profitability of corporate acquisitions. Uncertainty about merger control decisions reduces … takeover threats from foreign and very large acquirers, therefore facilitating agency-motivated deals. Valuation effects are …

stakeholder firms and reports evidence of efficiency gains while no evidence of market power in horizontal mergers. In this paper … to withhold merger gains that would have been passed to the downstream under perfect competition and prevents customers … from enjoying the whole consumer surplus. Distributive inefficiency exists in horizontal mergers …

- (industrial organization) and macroeconomic levels. The case study of mergers and acquisitions (M&A) across several sectors of the … economy will be used to demonstrate how internal growth and merger-specific efficiencies – some of which include the … old jobs’ following a successful merger. This false assumption is basically at odds with the fact that the majority of …