valuedestructive for shareholders. Using classical OLS methodology with diversification,management ownership and performance variables … inverse relationship (from performance todiversification). This one-way analysis can create biases in the estimated results … because the negative impact of diversification on performance disappears whenwe consider a non recursive relation between the …

Quand, lors d'une fusion entre des firmes dont la valeur provient de marques fortes, les dirigeants décident de … dont la fin est indéterminable. C'est ce que semble montrer le cas de la fusion entre Peugeot et Citroën, étudié sur une …

the relationship between executive pay and performance after a merger by dissociating the respective influence of shifts …After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams … managers within a large pharmaceutical company not only show that changes in compensation incentives affect performance but …

the gap in the theoretical literature concerning mergers in pharmaceutical markets. To prevent generic firms from … duopoly model by considering the pseudo-generics production as a mergers' catalyst. We show that a brand-name company always … its merger gain by producing pseudo-generics beforehand. In some cases, pseudo-generics would not otherwise be produced …

In this paper, we study the optimal number of active firms in acoalition and in a merger. We consider two kinds of game … : a merger gameand a coalition game, both in the context of price competition with horizontalproduct differentiation … occur in the merger case. In the coalitioncase we obtain a similar result in which the number of active firms in thesecond …

the relationship between executive pay and performance after a merger by dissociating the respective influence of shifts …After a merger, company officials face the challenge of making compensation schemes uniform and of redesigning teams … managers within a large pharmaceutical company not only show that changes in compensation incentives affect performance but …

collusion when competitors can freely negotiate their access charges. We also analyze the case of a merger between the two … networks and give conditions under which the merger can be welfare improving. …