In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …

knowledge transfers - from high to low productivity firms - between acquirer and target. Using the Melitz (2003) model of … transfers, where the latter leads to assortative matching on productivity for firms in cross-border M&As. This is in line with … stylized facts (because M&As frequently occur between firms of similar productivity) and in contrast to the proximity …

This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional …

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 …

We develop a theory of digital ecosystems built on the premise that a multi-market firm can steer users it has in one … great lengths to dominate these markets. Our theory suggests that ecosystems have mixed implications for consumer welfare …

simultaneously risen in most countries. Moreover, the gross profitability of firms seems to be lower in high-tax countries, even …

We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy …

profitability of banks’ portfolios affect their ability to cover for any liquidity shortage and hence influence the premium they … require to carry maturity risk. During a boom, profitability is increasing and thus spreads are low, while during a recession … profitability is decreasing and spreads are high, in accordance with the cyclical properties of term spreads in the data. Second, we …

purchase history information (PHI), it has only enough information for group pricing. We show that in the FIA case, the …