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, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find …
Persistent link: https://www.econbiz.de/10010365892
This paper studies the use of merger review as a shield to obstacle hostile tender offers of a company. Commenting on …
Persistent link: https://www.econbiz.de/10013131846
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 …
Persistent link: https://www.econbiz.de/10013118344
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 …
Persistent link: https://www.econbiz.de/10012779638
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 …
Persistent link: https://www.econbiz.de/10013109990
-held title as the world's largest airline - as well as the failed merger of Greece's two largest airlines, Olympic Air and Aegean …This Article explores the 2010 merger of United Airlines and Continental Airlines - which usurped Delta's briefly … United and Continental merger, explaining pertinent portions of each airline's corporate history over the past 10 years …
Persistent link: https://www.econbiz.de/10013114723
in the wake of the Great Depression and have been instrumental in these markets’ long standing as the world’s deepest and …
Persistent link: https://www.econbiz.de/10013403507
reactions to the industry peers in the short term and FinTech merger waves in the long term …
Persistent link: https://www.econbiz.de/10013301485
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 …
Persistent link: https://www.econbiz.de/10014258460
Wealth transfer effects between stockholders and bondholders on the announcement date of changes in a firm's credit rating have primarily been examined a) for one type of security; b) on US capital markets; and c) by applying standard event study methods. In contrast to these investigations, we...
Persistent link: https://www.econbiz.de/10012984791