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 …

Handbook as a forceful argument in favor of a merger between the two disciplines rather than the acquisition of one by the … other; a merger which combines, notably, the detailed knowledge of historical sources, the capability of distilling complex …

international sample. Merger characteristics commonly associated with underperformance, such as acquiror size, acquiror Q, or stock … measuring the long-run returns to mergers. In a new data set of close bidding contests we use losers' post-merger performance to … closely comoving in the years before the contest, providing support for our approach to identification. After the merger, they …

appliance markets most affected by the merger to markets where concentration changed much less or not at all. We estimate price …

industry merger and acquisition activity. All of these effects are stronger for smaller firms than for larger firms …

banks in individual EU countries help to explain the nature of cross-border merger activity. If they wish to protect …

Focusing on takeover bids whose outcome can be predicted in advance with certainty, Grossman and Hart established the …