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The big sell : privatizing East Germany's economy
Mergele, Lukas; Hennicke, Moritz; Lubczyk, Moritz - 2020
within less than five years. We examine whether the privatization authority followed its mandate to privatize competitive … investors, and are more likely to remain in business even 20 years after leaving public ownership. The privatization agency …
Persistent link: https://www.econbiz.de/10012287328
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Privatizations spark socialist backlash : evidence from East Germany's transformation
Hager, Anselm; Hennicke, Moritz; Krause, Werner; … - 2022
lackluster economic performance? This paper points to the rushed privatization of East European economies as one plausible driver …
Persistent link: https://www.econbiz.de/10013418954
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Mergers and partial ownership
Foros, Oystein; Kind, Hans Jarle; Shaffer, Greg Eric - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …
Persistent link: https://www.econbiz.de/10003925257
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Committing to grow : privatizations and firm dynamics in East Germany
Akcigit, Ufuk; Alp, Harun; Diegmann, André; … - 2023
investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the …
Persistent link: https://www.econbiz.de/10014340125
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Do mergers among multimarket firms create value?
Linde, Sebastian; Siebert, Ralph - 2016
contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …
Persistent link: https://www.econbiz.de/10011549386
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Determinants of cross-border bank acquisitions in transition economies : a latent class analysis
Poghosyan, Tigran (contributor); Haan, Jakob de (contributor) - 2008
less efficient banks. This result is in line with the efficiency hypothesis. -- Cross-border bank acquisitions ; latent …
Persistent link: https://www.econbiz.de/10003749434
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Assessing EU merger control through compensating efficiencies
Affeldt, Pauline Luise; Duso, Tomaso; Gugler, Klaus; … - 2021
Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for...
Persistent link: https://www.econbiz.de/10012668490
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Modelling profitability of private equity : a fractional integration approach
Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; … - 2022
This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional …
Persistent link: https://www.econbiz.de/10013285647
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On the profitability of cross-ownership in Cournot oligopolies : stock sizes matter
Benchekroun, Hassan; Dai, Miao; Long, Ngo Van - 2020
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012263696
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(Why) do central banks care about their profits?
Goncharov, Igor; Ioannidou, Vasso; Schmalz, Martin C. - 2017
. These findings indicate that profitability concerns, while absent from standard theoretical models of central banking, are …
Persistent link: https://www.econbiz.de/10011672490