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Are there waves in merger activity after all?
Gärtner, Dennis (contributor); Halbheer, Daniel (contributor) - 2004 - September 2004, revised February 2006
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model. Using quarterly data covering the last thirty years, for the US, we identify the beginning of a merger wave in the mid 1990s but not the much-discussed 1980s merger wave. We argue...
Persistent link: https://www.econbiz.de/10002521615
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Inherited or earned? : Performance of foreign banks in Central and Eastern Europe
Havrylchyk, Olena (contributor); Jurzyk, Emilia (contributor) - 2008
Persistent link: https://www.econbiz.de/10003796073
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Merger simulation in competition policy : a survey
Budzinski, Oliver; Ruhmer, Isabel - 2009
Advances in competition economics as well as in computational and empirical methods have offered the scope for the employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is, nevertheless, still a very young and innovative instrument...
Persistent link: https://www.econbiz.de/10003821585
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International taxation and takeover premiums in cross-border M&As
Huizinga, Harry; Voget, Johannes; Wagner, Wolf - 2008
Persistent link: https://www.econbiz.de/10003846768
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International taxation and takeover premiums in cross-border M&As
Huizinga, Harry; Voget, Johannes; Wagner, Wolf - 2008
Persistent link: https://www.econbiz.de/10003846891
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Chinese overseas M&A performance and the go global policy
Gu, Lulu; Reed, W. Robert - 2010
Persistent link: https://www.econbiz.de/10008688562
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What is different about government-controlled acquirers in cross-border acquisitions?
Karolyi, G. Andrew; Liao, Rose C. - 2010
We examine the motives for and consequences of 5,317 failed and completed cross-border acquisitions constituting $619 billion of total activity that were led by government-controlled acquirers over the period from 1990 to 2008. We benchmark this activity at the aggregate country level and also...
Persistent link: https://www.econbiz.de/10008702754
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European takeover law : the case for a neutral approach
Enriques, Luca - 2010
This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time … promoting the good ones. Further, contestability of control is not cost-free, because it has a negative impact on managers’ and …
Persistent link: https://www.econbiz.de/10008728815
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Bidding for complex projects : evidence from the acquisitions of IT services
Albano, Gian Luigi; Dini, Federico; Zampino, Roberto - 2008
Competitive bidding (as auctions) is commonly used to procure goods and services. Public buyers are often mandated by law to adopt competitive procedures to ensure transparency and promote full competition. Recent theoretical literature, however, suggests that open competition can perform poorly...
Persistent link: https://www.econbiz.de/10008798524
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Production efficiency of firms with mergers and acquisitions in India
Saraswathy, Beena - 2015
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency gains and the likely effect on market power creation. However, the realities may be different from the expected synergy creation since merger regulations are ex ante in nature. The...
Persistent link: https://www.econbiz.de/10010529467