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 …

spite of the overall convergence of European takeover and securities trading laws, Germany still shows many peculiarities … will risk their takeover attempt be frustrated by opposing influence groups. …

probability that a bank is taken over as a function of bank and country characteristics and the transparency of merger control … regulatory process is transparent. Particularly large banks seem to be less likely to be taken over by foreign banks if merger …

banks have a substantial and persistent negative impact on merging banks' revenues. We refer to merger related negative … customers and the temporary distraction of management from day-to-day operations by effecting the merger. For our analyses we … involved in 212 mergers between 1994 and 2006. We find that the negative impact of a merger on net operating revenues amounts …

share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …