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Horizontal mergers and exit in declining industries

Filson, Darren; Songsamphant, Bunchon - 2001

Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...

Persistent link: https://www.econbiz.de/10011569023

A takeover case from Turkey’s privatization affords of the state owned enterprises : two-step leveraged buyout transaction

Pekdemir, Recep; Suer, Ayca Zeynep; Ercan, Melis - In: Journal of accounting & management information systems … 12 (2013) 3, pp. 440-454

This study aims to develop a real business life case on the two-step leveraged buyout transaction. Also, it is to share the case with the audience that might be globally related since the financial system has been global. And, consequently the language of financial reporting has been becoming...

Persistent link: https://www.econbiz.de/10010338848

Do takeover threats stifle or promote managerial efforts to innovate? : evidence from takeover vulnerability, and text-based measure of innovation

Denlertchaikul, Nattarinee; Pattanaporn Chatjuthamard; … - In: Administrative Sciences : open access journal 12 (2022) 3, pp. 1-17

high takeover threat. This study examines the effects of hostile takeover threats on managerial efforts to innovate. Our … results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest … that managers tend to be more myopic when firms are exposed to hostile takeover threats. Managers will put less effort into …

Persistent link: https://www.econbiz.de/10013396009