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Swedish Firms Acquired by Foreigners : A Comparison of Before and After Takeover
Lipsey, Robert E. - 1982
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/10012478083
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Fire-sale FDI or Business as Usual?
Alquist, Ron - 2013
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/10012459824
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The Effects of Taxation on the Merger Decision
Auerbach, Alan J. - 1987
that the tax losses and credits of acquired firms likewise exerted no impact on merger activity. Though the use of such …
Persistent link: https://www.econbiz.de/10012476878
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How to Get Away with Merger : Stealth Consolidation and Its Real Effects on US Healthcare
Wollmann, Thomas G. - 2020
Most US mergers are not reported to the government on the basis of their size, which can effectively exempt them from antitrust scrutiny, thereby leading to anticompetitive behavior. This paper studies premerger notification exemptions in the US dialysis industry. Over two decades, dialysis...
Persistent link: https://www.econbiz.de/10012481856
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Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU
Carbo-Valverde, Santiago - 2009
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/10012463202
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World Markets for Mergers and Acquisitions
Erel, Isil - 2009
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/10012463518
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Post-Merger Restructuring and the Boundaries of the Firm
Maksimovic, Vojislav - 2008
. The extent of post-merger restructuring activities and their cross-sectional variation do not support an empire building …
Persistent link: https://www.econbiz.de/10012464355
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Product Market Synergies and Competition in Mergers and Acquisitions : A Text-Based Analysis
Hoberg, Gerard - 2008
We examine how product differentiation influences mergers and acquisitions and the ability of firms to exploit product market synergies. Using novel text-based analysis of firm 10K product descriptions, we find three key results. (1) Firms are more likely to enter restructuring transactions when...
Persistent link: https://www.econbiz.de/10012464357
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The Industry Life Cycle and Acquisitions and Investment : Does Firm Organization Matter?
Maksimovic, Vojislav - 2006
We examine the effect of financial dependence on acquisition and investment within existing industries by single-segment and conglomerate firms for industries undergoing different long run changes in industry conditions. Conglomerates and single-segment firms differ more in rates of...
Persistent link: https://www.econbiz.de/10012466371
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Estimation and Identification of Merger Effects : An Application to Hospital Mergers
Dafny, Leemore S. - 2005
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 …
Persistent link: https://www.econbiz.de/10012467003