Saarimaa, Tuukka; Tukiainen, Janne - London School of Economics (LSE) - 2012
that allows for multi-partner mergers. Using Finnish municipal merger data where mergers were decided independently at the … local level, we find that merger decisions are largely in line with voter preferences. Most importantly, mergers are clearly … prefer mergers where post-merger political competition is lower which indicates a concern for re-election. Interestingly …