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The Insiders' Dilemma: An Experiment on Merger Formation
Lindqvist, Tobias; Stennek, Johan - 2001
mergers difficult. Mergers that should occur in equilibrium do not, since they require an unequal split of surplus. …
Persistent link: https://www.econbiz.de/10010334980
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How do start-up acquisitions affect the direction of innovation?
Dijk, Esmée S. R.; Moraga-González, José Luis; … - 2021
relative to what is socially optimal. Moreover, prohibiting acquisitions may increase or decrease consumer surplus. The more …, the more likely is that consumers benefit (suffer) following an acquisition. These results are robust to acquisitions …
Persistent link: https://www.econbiz.de/10012591323
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Partial cartels and mergers with heterogenous firms : experimental evidence
Gomez-Martinez, Francisco - 2017
A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive agreements do not include all firms that are active in the relevant industry. This paper studies both theoretically and experimentally the formation and behavior of partial...
Persistent link: https://www.econbiz.de/10011761059
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Start-up acquisitions and innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020
to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive …
Persistent link: https://www.econbiz.de/10012438192
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Start-up acquisitions and innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020
to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the … incumbent does not commercialize the acquired start-up's technology) and acquisitions with commercialization. A restrictive …
Persistent link: https://www.econbiz.de/10012165650
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Why Mergers Reduce Profits, and Raise Share Prices
Fridolfsson, Sven-Olof; Stennek, Johan - 1999
We demonstrate a 'preemptive merger mechanism' which may explain the empirical puzzle why mergers reduce profits, and … in a model of endogenous mergers which predicts the conditions under which a merger occurs, when it occurs, and how the …
Persistent link: https://www.econbiz.de/10010335000
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The impact of horizontal mergers on rivals : gains to being left outside a merger
Clougherty, Joseph A.; Duso, Tomaso - 2008
that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert …
Persistent link: https://www.econbiz.de/10010364303
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Post-merger returns in frontier markets, or how we learned to stop worrying and love the acquirers
Zaremba, Adam; Szyszka, Adam; Płotnicki, Michał; … - In: Journal of business economics and management 19 (2018) 1, pp. 96-109
This study presents the results from a comprehensive out-of-sample test of long-run returns following mergers and … acquisitions (M&As). Using a unique sample from 23 frontier markets of almost 800 transactions conducted during the years 1992 to …
Persistent link: https://www.econbiz.de/10012174722
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Mergers and acquisitions: a qualitative study in the medical device sector
Jacob, Alon Ben - In: International journal of management, economics and … 9 (2020) 3, pp. 161-181
One of the key processes that business leaders are using to grow their organizations is mergers and acquisitions (M …
Persistent link: https://www.econbiz.de/10012286798
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Do announcement returns contain information about value creation?
Ben-David, Itzhak; Bhattacharya, Utpal; Jacobsen, Stacey - 2020
returns. Our results cast doubt on the usefulness of announcement returns as a measure of the value created in acquisitions …
Persistent link: https://www.econbiz.de/10012263196