In this paper, we develop a novel theory of cross-border mergers and acquisitions. Firms can choose between different … modes of foreign market access: exporting, greenfield FDI, and cross-border M&A. Our theory is based on three key ideas …. Third, capabilities are traded in a merger market. We address two questions: (1) what are the characteristics of firms that …

without any merger scrutiny. The theoretical basis of this recommendation is the ‘failing firm defence’ which allows parties … merger. This paper assesses the advisability of green-channelling IRPs through the lens of competition law. It examines the …

terms of scale economies and profitability. For the acquiring firms in the year 1999, the time period 1996-99 has been taken … as pre-merger period and 2000-04 as post-merger period. The pre-merger and post-merger period for firms in year 2000 has … under study have experienced diseconomies of scale and profitability of many of the firms have declined during the post-merger …

, merger laws and enforcement practices, econometric methods for analyzing prospective horizontal mergers, and evidence …

This chapter first reviews the economic theory underlying the unilateral competitive effects of mergers, focusing on …