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Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU
Carbo-Valverde, Santiago - 2010
banks in individual EU countries help to explain the nature of cross-border merger activity. If they wish to protect …
Persistent link: https://www.econbiz.de/10013150440
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Acquiring Banking Networks
Levine, Ross - 2017
merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 …
Persistent link: https://www.econbiz.de/10012954925
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Swedish Firms Acquired by Foreigners : A Comparison of Before and after Takeover
Lipsey, Robert E. - 2004
relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output … year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The …
Persistent link: https://www.econbiz.de/10012786214
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Fire-Sale FDI or Business as Usual?
Alquist, Ron - 2018
Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called "fire-sale FDI". Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental...
Persistent link: https://www.econbiz.de/10012938544
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Evidence for the Effects of Mergers on Market Power and Efficiency
Blonigen, Bruce A. - 2016
are robust to a range of approaches to address the endogeneity of firms' merger decisions …
Persistent link: https://www.econbiz.de/10012980667
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How to Get Away with Merger : Stealth Consolidation and its Effects on Us Healthcare
Wollmann, Thomas - 2022
Only large mergers must be reported to the US government, so many anticompetitive deals may effectively avoid antitrust scrutiny. This paper uses data from the dialysis industry to show that premerger notifications are essential to antitrust enforcement and that ensuing enforcement actions...
Persistent link: https://www.econbiz.de/10013309219
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Heterogeneous Frictional Costs Across Industries in Cross-Border Mergers and Acquisitions
Blonigen, Bruce A. - 2016
While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...
Persistent link: https://www.econbiz.de/10012984746
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Banker Fees and Acquisition Premia for Targets in Cash Tender Offers : Challenges to the Popular Wisdom on Banker Conflicts
Calomiris, Charles W. - 2009
We analyze data on fees paid to investment bankers and acquisition premia paid for targets in cash tender offers. Our results are broadly consistent with the predictions of a benign view of the role of investment banks in advising acquisition targets. Fees to investment banks are correlated with...
Persistent link: https://www.econbiz.de/10012767558
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Is There a Diversification Discount in Financial Conglomerates?
Laeven, Luc - 2005
This paper investigates whether the diversity of activities conducted by financial institutionsinfluences their market valuations. We find that there is a diversification discount: The marketvalues financial conglomerates that engage in multiple activities, e.g., lending and non-lendingfinancial...
Persistent link: https://www.econbiz.de/10012784437
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The Price Effects of a Large Merger of Manufacturers : A Case Study of Maytag-Whirlpool
Ashenfelter, Orley - 2011
appliance markets most affected by the merger to markets where concentration changed much less or not at all. We estimate price …
Persistent link: https://www.econbiz.de/10013119784