This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis that sectoral shocks are at the root of merger waves....

There is a huge body of literature in the social sciences that deals with the privatization of public enterprises in developed OECD countries after World War II. In the first part of this article, we present and critically examine empirical findings of comparative inquiries on the factors...