relative to what is socially optimal. Moreover, prohibiting acquisitions may increase or decrease consumer surplus. The more …, the more likely is that consumers benefit (suffer) following an acquisition. These results are robust to acquisitions …

to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive …

to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive …

We explain the empirical puzzle why mergers reduce profits, and raise share prices. If being an quot;insiderquot; is … increased, since the risk of becoming an outsider is eliminated. We also show that mergers increasing consumers' prices, while … increasing competitors' profits, may reduce their share-prices. Thus, event-studies may not detect anti-competitive mergers …

that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert …

One of the key processes that business leaders are using to grow their organizations is mergers and acquisitions (M …

returns. Our results cast doubt on the usefulness of announcement returns as a measure of the value created in acquisitions …