There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited … reviewing the use and challenges of event studies in merger analysis, I use a novel application of Hoberg-Phillips (2010, 2016 ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …

Mergers that substantially lessen competition are challenged by antitrust authorities. Instead of blocking … reactions around the day of the merger's announcement provide information on the first question, whereas the stock market … hypotheses on the effects that remedies are supposed to achieve depending on the merger's competitive outcome. We isolate several …

In the 1990s, European merger regulation (EMR) was biased against foreign acquirers, especially if the deal harmed … 2004. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC's protectionism from …

In the 1990s, European merger regulation (EMR) was biased against foreign acquirers, especially if the deal harmed … 2004. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC's protectionism from …

definitive merger agreement to create an $87 billion global technology leader. The aim of this paper is to analyze if Compaq and … market value were found not to add significant value to the shareholders' post-merger returns. Earnings Per Share (EPS) and … the Price Earnings (P/E) ratio dropped in the year following the merger between the two entities, before eventually …

This article revisits the protectionism hypothesis related to the European merger regulation (EMR). In the 1990s, EMR … EC in the 1990s. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC …