industries with three firms, and we derive the closed-form solution for the equilibrium value and the merger dynamics …

mitigating the market power impact of the merger) if merging firms divest assets to buyers outside the industry rather than …

bids by DPAD-advantaged firms conform to the predictions of the neoclassical theory of the firm and the theory of financial … are likely to generate incremental DPAD tax benefits through their merger …

There is broad concern that merger policy toward Big Tech has been too lenient. Big Tech typically operates in markets … merger policy promotes innovative entry by facilitating entry for buyout. I show that permissive merger policy can also … such improvements reduce the gains from merger. A second way is by facilitating incumbency for buyout, under which an …

This study examines how PCAOB international inspections of non-U.S. auditors affect international Merger and …

-wide shocks. We determine that average takeover premia, target abnormal returns around merger announcements, and deal value to … in target-initiated deals. This gap widens as information asymmetry between merger partners rises …