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. Using supervisory trade-level data, we show that banks with closer ties to a target advisor in a takeover buy more stocks of … find such effects for bank connections to acquirer advisors or for trades in acquirer stocks. Target advisors benefit from … leaking information about takeover bids to connected banks, as it drives up the final offer price without compromising the …
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Despite the ongoing consolidation trend in the banking industry and the attention some mergers (in particular between large banks) have been receiving, there is no consistent picture of the impact of mergers on the stability of the financial system. In this paper, we aim to provide a universal...
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It has been suggested in the literature that taxes and subsidies play an important role in explaining the differences in working hours across countries. In this paper I test whether public programmes for family support play a role in explaining this variation. I analyse two types of policies:...
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Empirical studies on information communication technologies (ICT) typically aggregate the informationʺ and communicationʺ components together. We show theoretically and empirically that these have very different effects on the empowerment of employees, and by extension on wage inequality. If...
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