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 …

The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we …

We study the competitive effects of five liquidations and six mergers in the domestic U.S. airline industry between … larger price increases than mergerrelated exits. Within the merger category, our analysis reveals significant price increases … on all affected routes immediately after the exit events. In the medium and long-run, however, realized merger …

environment. That is why the problem of insolvency and bankruptcy prediction has been the subject of numerous studies focused on … effectively used in practice to analyze and signal the risk of insolvency and bankruptcy of a construction firms. Also, the …Prediction insolvency is one of the most important issues during creditworthiness assessment, especially in the turmoil …

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 …

-liquidation insolvency proceedings, usually referred to as reorganization. Using the ECJ case law on the Directive, I conclude that although … capital do not present an insurmountable hurdle to the adoption of rational corporate insolvency law. As a side note, I also …

have to operate under a given insolvency regime after they acquire the bad assets, existing bankruptcy procedures have an …This paper focuses on the legal environment, particularly the insolvency system, that would influence the success of … proposed legal bankruptcy reforms that would affect the effectiveness of SPVs. …