differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger …. We allow the merger responses to vary across firms, even after controlling for regressors, and apply a random …

Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory …

This paper analyses tax competition and tax coordination in a model where capital flows occur in the form of mergers … do not necessarily distort international ownership patterns. Moreover, tax competition yields globally efficient levels …

the “inverted-U” relationship between innovation and competition to a merger setting …We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease … their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to …

access to the rest of the world (through transport hubs) are key drivers for target selection …

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find … greater dampening of competition. We also derive comparative statics on the prices of the acquiring firm, the acquired firm …

In this paper, we analyze tax competition in a model where investor firms have the choice between two types of … intensifies tax competition in comparison to the case where there is only greenfield investment. If a specific tax on acquisitions … is available, this result changes. Then, tax competition is mitigated compared to the pure greenfield case. The existence …

channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location … within the firm. The welfare analysis illustrates that larger countries are better off after the merger. By contrast, smaller … countries may lose, if the pre-merger production cost differential across firms is negligible and/or a post-merger technology …