China's short stock market history has already seen three merger waves, yet little is known of the performance drivers … measure. A larger acquirer size is associated with a larger takeover size, but a lesser target ratio is relative to the size …

We examine the wealth effects of horizontal takeovers on rivals of the merging firms, and on firms in the takeover … wealth effect to target and bidder shareholders. Overall, our findings suggest that the average takeover in our sample is …

initiating horizontal mergers and use this dataset to examine announcement-related stock market revaluations and post-merger …

. These results are derived in an endogenous-merger model, predicting the conditions under which mergers occur, the time of … merger, and the split of surplus …

merger activity. The paper seeks to address this gap by considering developments in the United Kingdom during the 20th …;transformativequot; merger activity takes place. The paper acknowledges that the competitive advantages associated with operating on a large …

We examine the relationship between concentration and price dispersion using variation induced by a merger in the … Canadian mortgage market. Since interest rates are determined through a search and negotiation process, consolidation weakens …

substantial entry barriers is a merger not immediately counteracted by post-merger entry. To evaluate the duration of the effects … of a merger, I use the model of Abbring and Campbell (2010) to estimate demand thresholds for entry and for exit. These … that a merger from duopoly to monopoly generates between 9 and 10 years of monopoly in the market. …

markets most affected by the merger to markets where concentration changed much less or not at all. We estimate price …