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The objective of this paper is to analyze the efficiency of the Italian Banking System over the period 2006-2010. By applying the Stochastic Frontier Approach (SFA) to a panel of 700 banks, the analysis is based on the joint estimation of a cost function and an efficiency equation (Battese and...
Persistent link: https://www.econbiz.de/10011259215
In this paper we analyze incentives for a potential entrant to get into an oligopolistic Cournot-like market by taking over one of the incumbents and we derive the conditions under which the hostile merger is possible and profitable. The key-feature is that the target of the takeover is...
Persistent link: https://www.econbiz.de/10005014712
strategies of mergers and acquisitions. …
Persistent link: https://www.econbiz.de/10009246884
to assess the welfare implications of proposed mergers and partial divestitures. …
Persistent link: https://www.econbiz.de/10008728045
In this paper we study mergers in two-sided industries. While mergers have been studied extensively in traditional … examining mergers in these markets. We present a model that shows that mergers in two-sided markets may not necessarily lead to … higher prices for either side of the market. We test our conclusions by examining a spate of mergers in the Canadian …
Persistent link: https://www.econbiz.de/10005835452
This study is undertaken to investigate the extent to which mergers lead to efficiency by which services are provided …
Persistent link: https://www.econbiz.de/10005837412
Imagine that you have reached the pinnacle of your career, and you are sitting in the driver’s seat of a multi-billion dollar enterprise. Business is good, sales are up, and the stock market responds to your company’s performance. In such circumstances, a chief executive officer (CEO) may...
Persistent link: https://www.econbiz.de/10008549644
The theoretical literature suggests that there should be a bi-directional relationship between investment and mergers … in high-income countries, cross-border mergers tend to Granger cause investment, while in low- to middle-income countries …, investment Granger causes mergers. …
Persistent link: https://www.econbiz.de/10008529256
Convergence is a multi-facetted phenomenon affecting the technological basis of information and communication industries, the boundaries of existing and new markets, and the organization of service providers. Convergence in substitutes will tend to increase the intensity of competition but...
Persistent link: https://www.econbiz.de/10005616610
the form of mergers and acquisitions followed by the firms in the Indian pharmaceutical industry. The study found that …
Persistent link: https://www.econbiz.de/10005620025