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Persistent link: https://www.econbiz.de/10012467179
one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …-sized middle-market borrowers (which continued to enjoy the advantage of loan market competition from remaining small banks …
Persistent link: https://www.econbiz.de/10012467332
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/10012467350