Duso, Thomas; Gugler, Klaus; Yurtoglu, B. Burcin - 2011 - Rev. version of discussion paper no. 153
the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … events' competitive effects, we explicitly control for the market expectation about the outcome of the merger control …