profitable merger does not occur, because it is even more profitable for each firm to unilaterally stand as an outsider (Stigler … endogenous rather than exogenous merger theory. More surprisingly, our data suggests that fairness (or relative performance …) considerations also make profitable mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

To make decisions regarding the advisability of agreements on mergers and acquisitions (M&A) it is necessary to assess …

absence of alternate options for the savers. The on-going merger wave in the banking industry will further limit the options … for the savers. Given the adverse implications of banking mergers for a competitive environment, we argue that to maintain … a reasonably competitive environment, merger proposals may be subjected to review by an antitrust authority with the …

Mergers and acquisitions activity at global level could begin during 2014. Confidence in the economic environment, the … on mergers and acquisitions market. However, caution still dominate this area and this is understandable, given the … diminishing returns, mergers and acquisitions activity may be the only practical way of increasing for companies. …

What causes mergers and acquisitions (M&A)? This is an issue that still remains to some extent a puzzle. While we can …, of course, come up with a story or motive for each individual merger or takeover case, finance theory has not quite …