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Persistent link: https://www.econbiz.de/10001668290
the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …
Persistent link: https://www.econbiz.de/10008939212
assess merger control's effectiveness. By using data gathered from several sources and employing different evaluation … techniques, we analyze the economic effects of the European Commission's (EC) merger control decisions and distinguish between … merging and rival firms' stocks to quantify the profitability effects of mergers and merger control decisions. We back up our …
Persistent link: https://www.econbiz.de/10010365889
reactions around the day of the merger's announcement provide information on the first question, whereas the stock market … hypotheses on the effects that remedies are supposed to achieve depending on the merger's competitive outcome. We isolate several … merging firms' bargaining power during the second phase of the merger review. …
Persistent link: https://www.econbiz.de/10010366535
Persistent link: https://www.econbiz.de/10003435889
the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …
Persistent link: https://www.econbiz.de/10008855860
Persistent link: https://www.econbiz.de/10009765316
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Persistent link: https://www.econbiz.de/10012009182
We study the evolution of the EC’s merger decision procedure over the first 25 years of European competition policy …. Using a novel dataset constructed at the level of the relevant markets and containing all merger cases over the 1990 … importance of barriers to entry and the risk of foreclosure has increased in the EC’s merger assessment following the 2004 merger …
Persistent link: https://www.econbiz.de/10011995142