In spite of improvements, on various measures of health outcomes the United States appears to rank relatively poorly among OECD countries. Health expenditures, in contrast, are significantly higher than in any other OECD country. While there are factors beyond the health-care system itself that...

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions (“M&As”) and “greenfield” investment. A simple model underlines that, unlike greenfield investment, M&As partly represent a rent accruing to...

We examine the empirical predictions of a real option-pricing model using a large sample of data on mergers and acquisitions in the U.S. banking sector. We provide estimates for the option value that the target bank has in waiting for a higher bid instead of accepting an initial tender offer. We...

In the emerging market of online video services, new media entrants and traditional gatekeepers are making efforts to reinvent the dominant modes of video supply and consumption while fighting for market power and customer lock-in. This article studies, through a number of U.S. and European...

As the incidence of mergers and acquisitions (M&As) continues to escalate, understanding the factors that systematically affect earnings predictability becomes increasingly important. This paper examines how changes in business characteristics and forecasting environment of merging firms affect...

The goal of the article lies in identification of tendencies and prospects of development of the merger and acquisition market of Ukraine in the context of influence of the world M&A experience upon this process under conditions of globalisation. In the result of the study the article analyses...

The article describes issues of structural reforms implementation in Russia directed at forming favorable institutional environment and business climate, as well as macroeconomic financial stability. The author analyzes the derivatives market, compared with the world’s GDP and considers...