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Tax policy, location choices, and market structure
Pfann, Gerard A.; Kranenburg, Hans L. van - 2002
A structural model of entry and fiscal policy is presented. It shows that taxation of variable production costs can increase product prices, lower competition, and reduce the availability of new products in small markets. The model's test is based on a unique nationwide fiscal experiment. We...
Persistent link: https://www.econbiz.de/10011411458
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Accounting for distress in bank mergers
Koetter, Michael; Bos, Jaap W. B.; Heid, Frank; Kool, … - 2005
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 …
Persistent link: https://www.econbiz.de/10010295902
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Using rival effects to identify synergies and improve merger typologies
Clougherty, Joseph A.; Duso, Tomaso - 2011
horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more … information on merger types and merger effects, and that can, moreover, distinguish between mergers characterized largely by … collusion-based synergies and mergers characterized largely by efficiency-based synergies. Crucial to the proposed measurement …
Persistent link: https://www.econbiz.de/10010305861
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Causes and consequences of merger waves
Kleinert, Jörn; Klodt, Henning - 2002
found. The most important determinant of the success of mergers is the size of the target unit. …
Persistent link: https://www.econbiz.de/10010271917
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Will the Adoption of Basel II Encourage Increased Bank Merger Activity? Evidence from the United States
Hannan, Timothy H.; Pilloff, Steven J. - 2005
This study presents two tests of the hypothesis that adoption of an internal ratings-based approach to determining minimum capital requirements, proposed as part of the Basel II capital accord, would cause adopting banking organizations to increase their acquisition activity. The study employs...
Persistent link: https://www.econbiz.de/10011689918
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Impact of mergers of Czech companies on their profitability and returns
Valouch, Petr; Králová, Maria; Sedláček, Jaroslav - In: Ekonomický časopis : časopis pre ekonomickú … 63 (2015) 4, pp. 410-430
Persistent link: https://www.econbiz.de/10011341396
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Acquirer's performance in hot and cold merger markets : evidence of mispricing
Hajbaba, Amirhossein; Donnelly, Ray - In: Review of accounting & finance 12 (2013) 3, pp. 204-225
Persistent link: https://www.econbiz.de/10009788095
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Is the event study methodology useful for merger analysis? : a comparison of stock market and accounting data
Duso, Tomaso; Gugler, Klaus; Yurtoglu, B. Burcin - 2006
Using a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors … case of anticompetitive mergers. …
Persistent link: https://www.econbiz.de/10010365892
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Causes and consequences of merger waves
Kleinert, Jörn; Klodt, Henning - 2002
found. The most important determinant of the success of mergers is the size of the target unit. …
Persistent link: https://www.econbiz.de/10011490438
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Correcting for self-selection based endogeneity in management research : a review and empirical demonstration
Clougherty, Joseph A.; Duso, Tomaso - 2015
Foundational to the discipline of management is the idea that organizational decisions are a function of expected outcomes; hence, the customary empirical approach to employ multivariate techniques that regress performance outcome variables on discrete measures of organizational choices (e.g.,...
Persistent link: https://www.econbiz.de/10010501252