Showing 1 - 10 of 110
The valuation of synergy is vital to the success of any merger, however, given current valuation methodologies and the … complexity of the task; it is also the most challenging element of merger and acquisition pricing. Conventional valuation methods … elements and relations. If such a delicate system is segmented due to a merger, the outcome measured in turnover and profit …
Persistent link: https://www.econbiz.de/10008694022
We demonstrate the sensitivity of the location of downstream firms, engaged in sequential spatial competition, to the vertical structure of an industry where no downstream firm can produce all varieties demanded.
Persistent link: https://www.econbiz.de/10008559049
In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to test the hypothesis that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where mergers have occurred are more likely than other banks...
Persistent link: https://www.econbiz.de/10005836119
partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains … examining how merger bids and terminations affect the relative values of bidders attempting diversifying and focusing takeovers …
Persistent link: https://www.econbiz.de/10005837001
The article tackles the key-points of the European Commission decision clearing a complex merger in which a situation … of ex-post near-monopoly was created. The article mainly deals with the counter-factual analysis where the merger would … briefly mentions the 2002/2003 debate preceding the adoption of the new EC merger regulation 139/04: the scope of the EC …
Persistent link: https://www.econbiz.de/10005622071
Nowadays high profile merger cases are becoming quite important and are taken as milestones of legal systems that … of the decisions made by the European Commission, as well as, the US Department of Justice in the merger case of two … competitive effects produced by such possible merger and the possible solutions in case of anticompetitive outcomes. The …
Persistent link: https://www.econbiz.de/10008919760
In current horizontal merger policy in the US and the EU an explicit efficiency defense is allowed. On both sides of …’ potential to harm consumers in the relevant market. Current merger policy is implicitly based on the assumption that rational … managers will only propose privately profitable mergers. In this thesis I will show that the empirical evidence on merger …
Persistent link: https://www.econbiz.de/10008578264
Abstract This paper discusses the concept of development banking from the perspective of entrepreneurial history. The life and times of a development banker from Bengal in the early 20th century is brought to attention to show how the entrepreneurial spirit created a bank and sustained a...
Persistent link: https://www.econbiz.de/10008784621
The impact that competition exerts on the incentives of firms to pass through reductions in their marginal costs is an important consideration in assessing the performance of alternate market structures. This paper examines the role of product differentiation on firm-specific and industry-wide...
Persistent link: https://www.econbiz.de/10008683283
Industries are transformed by the adoption of flexible production technologies and complementary changes in firms' organization. Some of the results of this transformation include companies extending their product lines and reshaping their relationships with outside partners. In this paper I...
Persistent link: https://www.econbiz.de/10008685052