Carletti, Elena; Hartmann, Philipp; Ongena, Steven - C.E.P.R. Discussion Papers - 2011
We construct a unique dataset of legislative reforms in merger control legislation that occurred in nineteen industrial … standard monopolistic hypothesis, we find that the strengthening of merger control decreases the stock prices of non … merger control is anticipated to provide a 'checks and balances' mechanism that mitigates the value-destroying influence of …