Showing 1 - 10 of 143
Persistent link: https://www.econbiz.de/10000881399
This paper studies the impact of technological change and regulatory competition on governmental efforts to generate rents for banks in two stylized regulatory environments. In the first environment, incentive-conflicted regulators attempt to create rents by restricting the size and scope of...
Persistent link: https://www.econbiz.de/10012471631
applied to health care: hospital mergers, monopsony, and foreclosure. In each of these sections we review the relevant …
Persistent link: https://www.econbiz.de/10012471682
Free entry into markets with decreasing average costs and differentiated products can result in an inefficient number of firms and suboptimal product variety. Because new firms and products draw their customers in part from existing products, concentration can affect incentives to enter as well...
Persistent link: https://www.econbiz.de/10012471716
We examine the effects of bank merger and local market characteristics on local small business lending. Mergers … target banks are located. Conversely, mergers involving large, out-of-state acquirers are associated with fewer SBL … number of small firms. Post-merger activity supports banks expanding on their acquisition strategy decisions. The findings …
Persistent link: https://www.econbiz.de/10012629504
the extent to which this motivation leads to mergers, we perform a textual analysis of the patents filed by the same lead … inventors of the target firms before and after the mergers. We find that patents of inventors from target firms become 28.9% to … 46.8% more specific to those of acquirers' inventors following completed mergers, benchmarked against patents filed by …
Persistent link: https://www.econbiz.de/10012616622
research in the areas of collusion and merger enforcement. Research relating to both collusion and mergers has made significant … sustainability, structure, and impact of collusive schemes. With respect to mergers, this includes important work on the impact of … which mergers get proposed to antitrust agencies and optimal policy in the face of that selection. A feature of recent …
Persistent link: https://www.econbiz.de/10012616623
Despite the continuing US hospital merger wave, it remains unclear how mergers change, or fail to change, hospital … behavior and performance. We open the "black box" of hospital practices through a mega-merger between two for-profit chains …. Benchmarking the merger's effects against the acquirer's stated aims, we show they achieved some of their goals, harmonizing …
Persistent link: https://www.econbiz.de/10012696358
Antitrust authorities search public documents to discover anticompetitive mergers. Thus, investor disclosures may alert …, we present a method for measuring undisclosed merger activity that relies on financial accounting reporting requirements …. We find that undisclosed mergers total $2.3 trillion between 2002 and 2016 …
Persistent link: https://www.econbiz.de/10012814430
This paper presents estimates of the tax benefits generated by a sample of U.S. mergers and acquisitions involving two … public corporations over the period 1968-83 and estimates a "marriage model" based on differences between these mergers and … that the tax losses and credits of acquired firms likewise exerted no impact on merger activity. Though the use of such …
Persistent link: https://www.econbiz.de/10012476878