In this study, we examine unsuccessful takeover attempts for new evidence on whether mergers create or destroy value … literature on signaling by investigating whether a takeover attempt signals investors about the quality of firm management as … partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains …

The article discusses recent advances and future challenges in innovation studies. First, it separately considers four … main strands of research, studying innovation at the organisational, systemic, sectoral and macroeconomic levels. Then … technological and institutional change; the role of demand; and the impacts of innovation on individual and collective welfare …

Nowadays high profile merger cases are becoming quite important and are taken as milestones of legal systems that … for the progress of the economic theory in the domain of competition analysis and policies. This study will give outlook … of the decisions made by the European Commission, as well as, the US Department of Justice in the merger case of two …

occurs either with a merger, a partial merger, an acquisition or, most commonly, a failed rival league. Often the incumbent …

The valuation of synergy is vital to the success of any merger, however, given current valuation methodologies and the … complexity of the task; it is also the most challenging element of merger and acquisition pricing. Conventional valuation methods … elements and relations. If such a delicate system is segmented due to a merger, the outcome measured in turnover and profit …

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that …€”to obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …

We study the merger paradox, a relative of Harsanyi's bargaining paradox, in an experiment. We examine bilateral …