We propose a methodology for estimating the competition effects from entry when firms sell differentiated products. We … first derive precise conditions under which Bres- nahan and Reiss'entry threshold ratios (ETRs) can be used to test for the … presence and to measure the magnitude of competition effects. We then show how to augment the traditional entry model with a …

pattern this market exhibits.From the perspective of takeover waves, we address questions such as: Why do mergers and … in M&As by takeover wave?We find that the pattern of takeover activity and its profitability significantly vary across … the various takeover waves.Despite such diversity, all waves have similarities: they are preceded by technological or …

the same way as mergers among for-profit firms – a notion that is absent in current merger guidelines both in the US and …Should mergers among nonprofit organizations be regulated differently than mergers among for-profit firms? The relevant … competition with quality-differentiated goods. I compare welfare effects of mergers between firms with the effects of mergers …

In this paper, we analyse the short-term wealth effects of large (intra)European takeover bids.We find large … statistically significant announcement effect of only 0.7%.We also show that the status of a takeover bid has a large impact on the … price reactions than friendly mergers and acquisitions.When a UK target or bidder is involved, the abnormal returns are …

three years after a bank merger, and small bank mergers lead to larger increases in exit rates than large mergers … mergers, where they lose an average of about three percent.Second, bank mergers lead to higher relationship exit rates for ….Third, target borrower abnormal returns are positively related to pre-merger exit rates, indicating that firms that find it easier …