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 …

1999 to 2006. Applying propensity score matching techniques we estimate positive wage premiums of cross-boarder merger and …

the authors estimate positive wage premia of cross-border merger and acquisitions (M&As), suggesting that foreign …

adoption of a merger strategy. We use various matching techniques to estimate the treatment effects of bank mergers on the … bank performance, especially, in terms of improved cost efficiency. The findings also suggest that pre-merger effects are … likely to occur in terms of higher cost efficiency immediately before the establishment of the merger. Finally, smaller banks …

This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …