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Persistent link: https://www.econbiz.de/10011695831
UK and Germany announced a merger among the two organizations to build a new firm: KPMG Europe LLP. The new firm will be … may result in monopolistic behavior or trade restrictions. The merger with a competitor could increase market … merger between the two organizations. It applies the eminent model for auditing international cultures developed by Garrison …
Persistent link: https://www.econbiz.de/10013251793
Persistent link: https://www.econbiz.de/10004998594
We study effects on prices and quantities of a takeover in the rather concentrated German interurban bus industry. We … empirically asses the effect of the takeover of Postbus by Flixbus on industry key features, using a route-level price data set … prices significantly increase and quantities decrease in the post-takeover phase. However, these results are mainly driven by …
Persistent link: https://www.econbiz.de/10011687401
Motivated by the recent discussion of the declining importance of deposits as banks' major source of funding we investigate which factors determine funding costs at local banks. Using a panel data set of more than 800 German local savings and cooperative banks for the period from 1998 to 2004 we...
Persistent link: https://www.econbiz.de/10003783090
banks have a substantial and persistent negative impact on merging banks' revenues. We refer to merger related negative … customers and the temporary distraction of management from day-to-day operations by effecting the merger. For our analyses we … involved in 212 mergers between 1994 and 2006. We find that the negative impact of a merger on net operating revenues amounts …
Persistent link: https://www.econbiz.de/10003784009
engage in small business lending. The ongoing consolidation in the banking industry has sparked concerns about the continuous … businesses compared to prior to the merger or compared to the contemporaneous lending by non-merging banks. We investigate the … merger related effects on small business lending in Germany from a bank-level perspective. Furthermore, we estimate small …
Persistent link: https://www.econbiz.de/10003784021
-enhancing mergers and by preventing concentration in the industry. By spreading the cost of specializing in restructuring over multiple … markets, private equity firms have stronger incentives than incumbents to invest in acquiring specialized restructuring skills. …
Persistent link: https://www.econbiz.de/10009772935
This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by inventors based in the acquirer's country, while...
Persistent link: https://www.econbiz.de/10010401729
The paper further contributes to our understanding about the role of societal trust in influencing mergers outcome. Using a large sample of cross-border mergers across 56 countries between 1985 and 2014, we show that, conditional on announcement of cross-border mergers, larger differences of...
Persistent link: https://www.econbiz.de/10012893719