This paper studies the use of merger review as a shield to obstacle hostile tender offers of a company. Commenting on …

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 …

Double moral hazard problems are prevalent in merger remedies. We consider a holdup problem in which two merging … merger decision depends on the success of the transaction, the Competition Authority will clear the merger whenever the …

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 …

in the wake of the Great Depression and have been instrumental in these markets’ long standing as the world’s deepest and …

This study examines how antitrust law adoptions affect horizontal merger and acquisition (M&A) outcomes. Using the …-day cumulative abnormal returns surrounding horizontal merger announcements. A decrease in deal value, target book assets, and … treatment effects does not nullify our results. Overall, antitrust policies seem to deter post-merger monopolistic gains …

difference-in-difference approach. Our results show that ETS implementation leads to significantly less cross-border merger and …

. Therefore, this study aims to close this gap by exploring the effect of merger announcements on CDS spreads empirically. A …