This paper presents estimates of the tax benefits generated by a sample of U.S. mergers and acquisitions involving two … public corporations over the period 1968-83 and estimates a "marriage model" based on differences between these mergers and … 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 … acquired firms did poorly relative to their industries and also relative to their own past performance with respect to the …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output …

Most US mergers are not reported to the government on the basis of their size, which can effectively exempt them from … monopoly are blocked more than 80% of the time when apart of reportable mergers but less than 2% of the time when apart of …

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

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, the vast majority of cross-border mergers involve private firms that are …

Mergers and acquisitions are a fast way for a firm to grow. Using plant-level data, we examine how firms redraw their … boundaries after acquisitions. We find that there is a large amount of restructuring in a short period following mergers …. Acquirers sell 27% and close 19% of acquired plants within three years of the acquisition. Plants in the target's peripheral …

We examine how product differentiation influences mergers and acquisitions and the ability of firms to exploit product …

We examine the effect of financial dependence on acquisition and investment within existing industries by single … conglomerate firms in growth industries increase in productivity post acquisition. The results are consistent with the comparative …

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 … mergers. However, these models rely on extensive assumptions about consumer choice and firm objectives, and ultimately …

The merger of Fleet and BankBoston in September 1999 resulted in a regional New England lending market in which only … one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined … merger, Fleet and BankBoston charged unusually low loan interest rates, reflecting their ability to realize economies of …