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are robust to a range of approaches to address the endogeneity of firms' merger decisions …
Persistent link: https://www.econbiz.de/10012980667
peripheral industrialization stretch into the late 19th century, the high point of peripheral industrialization was the 1950 …-1973 period, which saw widespread import- substituting industrialization. This period was also the high point of unconditional …
Persistent link: https://www.econbiz.de/10013103787
We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...
Persistent link: https://www.econbiz.de/10013242889
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
industry merger and acquisition activity. All of these effects are stronger for smaller firms than for larger firms …
Persistent link: https://www.econbiz.de/10013065561
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
Despite the fact that one-third of worldwide mergers involve firms from different countries, the vast majority of the academic literature on mergers studies domestic mergers. What little has been written about cross-border mergers has focused on public firms, usually from the United States. Yet,...
Persistent link: https://www.econbiz.de/10013158052
Focusing on takeover bids whose outcome can be predicted in advance with certainty, Grossman and Hart established the …
Persistent link: https://www.econbiz.de/10012774564
' buyers acquire constrained' targets. This result holds while controlling for merger terms and for different proxies used to …
Persistent link: https://www.econbiz.de/10012774899
first order effect on observed merger and acquisition activity in the US. We also present evidence of increased reliance on … while the 1986 Tax Act discouraged transactions among US corporations, it increased the demand for merger and acquisition …
Persistent link: https://www.econbiz.de/10012777140