each decision. In particular, we explore the common characteristics of the cases, the economic theories on which the merger … control authority has relied in its merger decisions, and the patterns regarding China’s merger policy …

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 …

This paper examines mergers in the UK which fall outside of the normal merger control system because they raise public … interest considerations. It sets out the legal framework and focuses mainly on two controversial cases: the takeover of HBOS by …

affects antitrust reviews of merger transactions. We find that acquirers and targets located in the political districts of … about anti-competitive mergers …

This paper studies the use of merger review as a shield to obstacle hostile tender offers of a company. Commenting on …

We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease … their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of …

merging and rival firms’ stocks to quantify the profitability effects of mergers and merger control decisions. We back up our … results and methodology by using alternative measures for the merger’s profitability effects based on balance-sheet data and … assess merger control’s effectiveness. By using data gathered from several sources and employing different evaluation …