potential amalgamation pairs is created and used in a logit analysis of the determinants of mergers.  Bank involvement with … firms increased the probability that a particular merger occurred.  Furthermore mergers with bank involvement did not …

headings: price discrimination and cross-subsidy; oligopolistic behaviour; mergers and takeovers; vertical structure; network …

An industry in decline provides an appropriate setting for the theory that mergers and acquisitions destroy implicit … demand theory. We find evidence of a significant negative effect of mergers/acquisitions on employment of a magnitude similar …

, investors focus control on poorly performing companies. These results stand in contrast to the US, where there is little …

acquisitions was the main cause. In the first half of the century, it occurred in the absence of minority investor protection and … relied on directors of target firms protecting the interests of shareholders. Families were able to retain control by … hostile takeovers and institutional shareholders made it increasingly difficult for families to maintain control without …

structures can be used for control purposes. The static relation of ownership to control in Germany is therefore similar to the … market in share blocks giving rise to changes in control but the gains are limited and accrue solely to the holders of large … blocks, not to minority investors. We provide evidence of low overall benefits to control changes and the exploitation of …