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This technical note analyzes the competition in the banking sector in Denmark. It reveals that Denmark has a fairly competitive and efficient banking sector. Measured by various indicators, efficiency of banking intermediation has been improving in recent years. The banking sector has become...
Persistent link: https://www.econbiz.de/10011244565
This paper examines the evolution of market structure in emerging market banking systems during the 1990s. While significant bank consolidation has been taking place in these countries, reflected in a sharp decline in the number of banks, this process has not systematically been associated with...
Persistent link: https://www.econbiz.de/10005264153
dealing with weak banks and other merger and acquisition reviews focus on stability and competition objectives. …
Persistent link: https://www.econbiz.de/10005769248
competition authorities are helpful guidelines in this case. We find it likely that the merger will not be approved. Both … concentration and barriers to entry in the Swiss retail market are already very high. The takeover of the "third force" by the …
Persistent link: https://www.econbiz.de/10005650158
Verkaufsanstrengungen auf alle Produkte verteilen („Kollusion“) oder ob sie die Anzahl ihrer Produkte reduzieren („Fusion“). Wir zeigen, daß …, in denen Kooperation in Form von „Kollusion“ oder „Fusion“ für die kooperierenden Unternehmen profitabel ist. …
Persistent link: https://www.econbiz.de/10009367922
(VF)À partir du cas d’une fusion entre une grande entreprise et une start-up dans le secteur des TIC, cet article met … amené les dirigeants à opter pour un troisième modèle de type symbiotique (phase 3). (VA)This article explores the merger of …
Persistent link: https://www.econbiz.de/10005042534
and welfare – improving even if costs are linear. The driving force behind these results, which help to reconcile theory … Unternehmen vor der Fusion. Wir zeigen in dieser Arbeit, dass horizontale Fusion von Unternehmen aus diesen Gründen profitabel für … die fusionierenden Unternehmen und wohlfahrtserhöhend wirken kann, selbst dann, wenn es durch die Fusion keinerlei …
Persistent link: https://www.econbiz.de/10009370662
The phenomena of IPO underpricing and underperformance are examined in the same rational model. In this model, underpricing is caused by the presence of uninformed investors. Low-type firms carry out an IPO under the same conditions as high-type firms. Instead of investing by themselves, the...
Persistent link: https://www.econbiz.de/10010937183
In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to test the hypothesis that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where mergers have occurred are more likely than other banks...
Persistent link: https://www.econbiz.de/10005836119
In this study, we examine unsuccessful takeover attempts for new evidence on whether mergers create or destroy value … literature on signaling by investigating whether a takeover attempt signals investors about the quality of firm management as … partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains …
Persistent link: https://www.econbiz.de/10005837001