merger wave. The evidence indicates that the efficiency of the majority of acquiring firms increases following an acquisition …. Based on the parameter estimates, we calculate merger welfare effects. We find that total welfare increased by $583 …

. Government to reduce barriers to international trade in services.The paper distinguishes four different classifications of …

that the tax losses and credits of acquired firms likewise exerted no impact on merger activity. Though the use of such …

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 …

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