, we present a method for measuring undisclosed merger activity that relies on financial accounting reporting requirements …

guidelines reflect a substantial consensus on the appropriate template for merger assessment. Nevertheless, official protocols …

method of analyzing the DD for banks that experience a merger, and to apply the method to the Japanese banking data. Our … value from the merger. A merger of sound (unsound) banks produced a sound (unsound, respectively) merged financial … institution; and (2) In some cases, a merged bank experienced a negative DD right after the merger. The findings are consistent …

, average HMO premiums are estimated to be 3.2% higher than they would have been absent any hospital merger activity during the …

effect of a merger on the behavior of rival firms, and instrumenting for these mergers, unbiased estimates of the effect of a … merger on market outcomes can be obtained. Using this methodology, I evaluate the impact of independent hospital mergers … between 1989 and 1996 on rivals' prices. I find sharp increases in rivals' prices following a merger, with the greatest effect …

significant improvement in asset productivity relative to their industries after the merger, leading to higher post-merger … the merger, indicating that merged firms do not reduce their long-term investments. There is a strong positive relation … between postmerger increases in operating cash flows and abnormal stock returns at merger announcements, indicating that …