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Smeets, Valerie; Ierulli, Kathryn; Gibbs, Michael - Institute for the Study of Labor (IZA) - 2006

-specific human capital, corporate culture, power, or favoritism. We examine this issue using a sample of Danish mergers. Controlling …

Persistent link: https://www.econbiz.de/10005233916

Redesigning Teams and Incentives in a Merger: An Experiment with Managers and Students

Montmarquette, Claude; Rullière, Jean-Louis; Villeval, … - Institute for the Study of Labor (IZA) - 2004

After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams with managers from companies with different incentives, work habits and recruiting methods. In this paper, we investigate the relationship between executive pay and performance...

Persistent link: https://www.econbiz.de/10005703548

Cross-Border Mergers and National Champions in an Integrating Economy

Suedekum, Jens - Institute for the Study of Labor (IZA) - 2006

and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of … trade freeness, (ii) the possibility of rent appropriation on world markets, and (iii) direct "synergy" effects of mergers …. Cross-border M&A is privately and socially more attractive than domestic mergers. National competition policy may be too …

Persistent link: https://www.econbiz.de/10005822177

National Champion versus Foreign Takeover

Suedekum, Jens - Institute for the Study of Labor (IZA) - 2007

We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...

Persistent link: https://www.econbiz.de/10005763853