Showing 1 - 10 of 210
preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the …
Persistent link: https://www.econbiz.de/10010291511
This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...
Persistent link: https://www.econbiz.de/10010264303
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013266605
The paper provides new evidence on proxy indicators of market power for major European countries. The data shows moderately increasing average industry concentration over the last two decades, a considerably increasing proportion of high concentration industries, and an overall tendency towards...
Persistent link: https://www.econbiz.de/10013293852
are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process …
Persistent link: https://www.econbiz.de/10012179894
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...
Persistent link: https://www.econbiz.de/10013222202
We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period …
Persistent link: https://www.econbiz.de/10010274044
acquisitions (this model is of interest since most FDI comes in the form of M&As). By using a gravity framework, where we also deal …
Persistent link: https://www.econbiz.de/10010275800
This paper explores the impact of target CEOs' retirement preferences on the incidence, the pricing, and the outcomes of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone benefits of staying employed until the planned retirement...
Persistent link: https://www.econbiz.de/10010280635
This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by … difference-in-differences to control for the endogenous selection of firms into buying other companies. We find that acquisitions … determined by the geographic scope of the acquisitions firms undertake. We find that the impact of acquisitions on firm …
Persistent link: https://www.econbiz.de/10012841927