Narrow search
Showing 1 - 10 of 339
Cover Image
CEO preferences and acquisitions
Jenter, Dirk; Lewellen, Katharina - 2011
of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone … costs, we find strong evidence that target CEO preferences affect merger patterns. The likelihood of receiving a takeover … in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …
Persistent link: https://www.econbiz.de/10009412377
Cover Image
Expatriate managers : effects on firm performance
Koren, Miklós; Telegdy, Álmos - 2024
Using a novel Hungarian dataset on firms and their Chief Executive Officers (CEOs), we estimate the impact of hiring expatriate CEOs. By examining foreign acquisitions where the new owner replaces the incumbent CEO with an expatriate or a local CEO, we address the selection into both acquisition...
Persistent link: https://www.econbiz.de/10014556622
Cover Image
Merger policy in digital markets : an ex-post assessment
Argentesi, Elena; Buccirossi, Paolo; Calvano, Emilio; … - 2019
This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first discuss the most crucial features of digital markets such as network effects, multi-sidedness, big data, and rapid innovation that create important challenges for competition...
Persistent link: https://www.econbiz.de/10012138666
Cover Image
The effect of mergers on variety in grocery retailing
Argentesi, Elena; Buccirossi, Paolo; Cervone, Roberto; … - 2021
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/10012543525
Cover Image
The scope of auctions in the presence of downstream interactions and information externalities
Koska, Onur A.; Onur, Ilke; Stähler, Frank - 2015
We scrutinize the scope of auctions in the presence of downstream interactions and information externalities by using the topical example of a firm acquisition. We show that no mechanism exists that allows an investor to acquire a low-cost firm under incomplete information: a separating auction...
Persistent link: https://www.econbiz.de/10010496103
Cover Image
A theory of digital ecosystems
Heidhues, Paul; Köster, Mats; Kőszegi, Botond - 2024
We develop a theory of digital ecosystems built on the premise that a multi-market firm can steer users it has in one market toward its products in other markets. Due to this “cross-market leverage,” a leader in an “access-point” market (where users begin their online journeys) derives a...
Persistent link: https://www.econbiz.de/10015065241
Cover Image
The trade and welfare effects of mergers in space
Egger, Hartmut (contributor); Egger, Peter (contributor) - 2008
Persistent link: https://www.econbiz.de/10003635266
Cover Image
Source versus residence based taxation with international mergers and acquisitions
Becker, Johannes; Fuest, Clemens - 2009
This paper analyses tax competition and tax coordination in a model where capital flows occur in the form of mergers and acquisitions, rather than greenfield investment. In this framework, we show that differences in residence based taxes do not necessarily distort international ownership...
Persistent link: https://www.econbiz.de/10003910411
Cover Image
The effects of taxation on the location decision of multinational firms : M&A vs. Greenfield investments
Hebous, Shafik; Ruf, Martin; Weichenrieder, Alfons J. - 2010
In this study, we estimate the impacts of differences in international tax rates on the probability of choosing a location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and M&A investments. Based on a novel firm-level dataset on...
Persistent link: https://www.econbiz.de/10003974552
Cover Image
FDI technology spillovers and wages
Urban, Dieter M. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003620172