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 … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of …

these multi-sided companies along with each company’s most important market segments. We then track their mergers and … acquisitions and match them with the segments. This exercise shows that these five firms use M&A activity mostly to strengthen …, therefore, acquisition appears to be a substitute for in-house R&D. Finally, from our check for possible "killer acquisitions …

We analyze factors behind 23,213 distressed acquisitions in European emerging markets from 2007–2019. Besides the … probability of distressed acquisitions, followed by corruption control and progress in banking reforms. The impact of institutions …

In the past 20 years, large digital platforms have made many acquisitions, mainly young and innovative startups. Few of …

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 …

-enhancing mergers and by preventing concentration in the industry. By spreading the cost of specializing in restructuring over multiple …

number of acquisitions abroad by Japanese and British firms by 31.9% and 3.9 %, respectively. A similar policy switch in the …

cash and stock used to finance the takeover (the method of payment). Within this framework, we analyze the effect of the …-shot full acquisition (-6.0%-points) versus on sequential acquisitions (-5.2%-points). Further, we provide evidence that an …) instead of sequential acquisitions. …

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We … and apply a heterogeneous treatment effects model which accounts for firms' endogenous selection into mergers, as well as … the heterogeneous impact of mergers on the product market. Our study provides evidence that firms' discount factors …