the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any … the economic value of the majority interest. Both assumptions are based on Property Rights Theory and are fundamental to …

expected to continue in the future. At the same time, net interest income remains by far the most important source of revenue …

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 …

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 …

characteristics, acquirer, and target country's time-varying characteristics, saturation of dense set of fixed effects, are robust to …