The paper shows that the standing of theory in the field of mergers and acquisitions is weak for at least three reasons …. Research is best described as a battlefield of ad hoc theory testing leaving behind a fragmented field. Research has focused … growth). The deficiencies in the standing of theory will be reflected in weak institutions to handle the political processes …

industries in the sector-specific takeover market, this working paper proves the common knowledge for the example of … corporate characteristics are of significant importance. With respect to prevailing takeover strategies, the survey reveals a …-affected takeover strategies that are elaborated on more closely within the working paper. Examining an acquisition focus in terms of …

We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard … prediction of the lemons market model-if any, only low-type firms are traded-is likely to be misleading: Merger returns, i.e. the … difference between pre- and post-merger profits, are not necessarily higher for low-type firms. This has two implications. First …

generalizes the traditional IO approach, employing ideas on coalition-formation from cooperative game theory. The model suggests …

The purpose of this report is to contribute to the analysis of two questions. Should a merger control system take into … theoretical and empirical studies of mergers and merger control. Next, we review the current legal practice in seven OECD … jurisdictions. Finally, we propose a merger control system, emphasising the central role of informational limitations. Based on our …

for advertising space and circulation and (ii) the existence of considerable fixed cost. This paper uses economic theory … incentives to increase copy prices after print a media merger. The paper also argues that the existence of economically sizeable … fixed costs may lead to efficiency gains from a print media merger. …

consolidation may lead to a reduced level of content diversity. Also, we present a recent theory that suggests conditions when a … politically biased media may actually prefer competition. Finally, we illustrate how a media merger, or media consolidation in … geringerer Programmvielfalt führen kann. Ferner präsentieren wir eine neue Theorie, die Bedingungen aufzeigt, unter denen es ein …