We explore the connection between firm's market threats from product market and corporate takeover activities. Using … while firms locate in lowly fluid market experience more instabilities in competition environment. Post-takeover performance …-makings, and firms generally takeover targets locate in environment of similar market threatening, even after controlling for …

analysis of takeover rumors of publically traded US companies from 1990 to 2008 shows that these two types of rumors can be … statistically distinguished by returns of rumored takeover targets before rumor publication. However, market responses to the rumors …, takeover premiums of sampled targets cannot be explained by markup pricing hypothesis although the hypothesis is supported by …

after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …

This paper provides evidence of merger timing induced by investors' overoptimism. We distinguish between hot and cold … merger markets and examine the movements of bidding firms' stock prices, around, before and after mergers announcements. Our … when investors are highly overoptimistic and react irrationally to a merger announcement. We find evidence that bidders …

1999-2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and …

merger targets between 1990 and 2009. We use different matching techniques to construct separate control groups for acquirers … R&D growth and intensity. We find that target firms substantially decrease their R&D efforts after a merger, while the R …