with managers originating from companies with different incentives and working habits. In this paper, we offer a new way to … influence of shifts occurring both in compensation incentives and in team composition. The results of a real effort experiment … conducted with managers within a large pharmaceutical company show that not only changes in compensation incentives affect …

may have appropriate incentives to combine. An omniscient and benign regulator can always assure a more efficient outcome …

(R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition … diversifying mergers produce both a smaller number of innovations and also less-novel innovations, where innovations are measured …

employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the … regulatory intervention history to distinguish between distressed and non-distressed mergers. We find that, among merging banks …-distressed mergers have worse CAMEL profiles than our control group. In fact, non-distressed mergers may be motivated by the desire to …

mergers and acquisitions among already powerful retail chains. These considerationslead antitrust authorities to very … study for the Dutch Autoriteit Consument & Markt (ACM), we examined the effects of a series of three national mergers in the … mergers did not have significant effects on prices. However, we find that the last mergersignificantly reduced the depth of …