Antitrust enforcement of supermarket merger activity during the late 1980s and early 1990s was less stringent than it had been before or has been since. For six announcements of supermarket acquisitions during this period, this study examines the abnormal stock returns of rival firms to...

The chapters presented here provide, for the first time, a comprehensive and cutting-edge view of the subject – from both a legal and economic perspective. They start at the macro level of financial systems, moving towards the behaviours of lenders (commercial banks and micro-lenders), policy...

The chapters presented here provide, for the first time, a comprehensive and cutting-edge view of the subject – from both a legal and economic perspective. They start at the macro level of financial systems, moving towards the behaviours of lenders (commercial banks and micro-lenders),...

The chapters presented here provide, for the first time, a comprehensive and cutting-edge view of the subject – from both a legal and economic perspective. They start at the macro level of financial systems, moving towards the behaviours of lenders (commercial banks and micro-lenders),...

This article takes the position that there have been significant costs attached to global banking financial integration and these costs were identified in a period prior to the 2008 Global Financial Crisis revealed by the analysis of daily country banking index data from December 1999 to...

The over-reaction hypothesis suggests that if investors over-react then a contrarian strategy of buying losers and selling winners should earn significant abnormal returns. The results of the study show that there is an inverse relationship between size and observed returns in the Australian...

In three recent hospital merger cases, the courts concluded that the merged hospital would be unable to increase price profitably because of competition from distant hospitals. In reaching this conclusion, the courts found the following: hospitals earn high margins on the last patients that they...