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Persistent link: https://www.econbiz.de/10010421582
that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10011490438
shocks drive industry-level clustering of merger activity and “who buys whom?” In the telecom industry, deregulation opened … deregulation was an efficiency-improving restructuring response to increased competition from deregulation and technological change …, and not to increased misvaluation. The economic shocks from deregulation and technological change drive merger activity by …
Persistent link: https://www.econbiz.de/10013036940
The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the …
Persistent link: https://www.econbiz.de/10011470954
that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10010271917
The policy debate on whether to strengthen or to remove the legal barriers between banking and commerce has paid little attention to what the practical effects of removing the barriers would be. To help answer this question, this article, the first part of a two-part study, provides an overview...
Persistent link: https://www.econbiz.de/10003847359
In the first part (in the previous issue of Economic Review) of this two-part study, the authors identified a number of possible benefits from combining banking and commerce, including portfolio diversification, the creation of internal capital markets, and economies of scale and scope. This...
Persistent link: https://www.econbiz.de/10003847363
One of the goals of the European Commission in the energy sector is creating a single competitive European market. The decision of the European Union to liberalise energy markets has far-reaching consequences not only for gas companies, but also for the rest of the real economy in view of the...
Persistent link: https://www.econbiz.de/10009231582
In the article, I focus on the goal of creating a single competitive European natural gas market. After a brief discourse on the debate between theoretical and practical economists on the best mode to liberalise the energy sector, I lay out the vision of the European Union for gas market...
Persistent link: https://www.econbiz.de/10003830895
This paper examines the effects of the bank merger deregulation passed by U.S. Congress in 1994 on the board … states for 3 years, I found that banks in states with intrastate branching deregulation had a lower proportion of outside … board directors (OBDs) and banks in states with interstate banking and the bank holding company deregulation had a higher …
Persistent link: https://www.econbiz.de/10013128982