This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis that sectoral shocks are at the root of merger waves....

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis that sectoral shocks are at the root of merger waves....

Abstract This economic policy forum is assigned to the relevance of mergers in the era of globalization. Stefan Voigt argues that the number as well as the relevance of mergers has dramatically increased over the last couple of years. This has led to demands to modify the competition policies...