-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as … composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger’s effects …, controlling for selection on observables through a matching procedure when defining our control group. We show that the merger led …

post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal … between differentiated varieties. After a merger, acquirers drop products from their consolidated domestic product portfolio … and reallocate assets towards core varieties. We further demonstrate that such merger-induced efficiency gains imply …

In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one … the modest effects of the merger. The weak effects are largely coincident with international literature showing the … and number three in the Norwegian bank market. Focusing on loans to firms, our difference-in-differences analysis shows no …

financial crisis of the 20th century – the Great Depression. Using balance-sheet and systemic risk measures at the bank level …, we build an econometric model with incidental truncation that jointly considers bank survival, the type of bank closure … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the …

We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period …

investment in expanding, innovative sectors. Structural parameters of a country’s banking system thus influence comparative … capital standards, and cost of bank equity determine credit reallocation, sectoral expansion and trade patterns …

By combining two large data sets (on international trade flows and on mergers and acquisitions – M&As), we are able to …

Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory … marketseeking', (iii) M&As come in waves (the most recent wave is still unfolding), (iv) economic integration (international … these stylized facts drive and should drive recent theoretical contributions in the field of international economics that …