Similar Search Results

Killer acquisitions and beyond : policy effects on innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021 - This version: August 2020, first version: February 2020

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other acquisitions only has a weakly negative innovation...

Persistent link: https://www.econbiz.de/10013330715

Endogenous choice of minority shareholdings : effects on product market competition

Haas, Samuel de - 2019

Non-controlling minority shareholdings in rivals (NCMS) lower the sustainability of collusion under a wide variety of circumstances. Nevertheless, NCMS are sometimes deemed to facilitate collusion, in particular if the level of NCMS is exogenous. The present paper endogenizes firms' choice of...

Persistent link: https://www.econbiz.de/10012287557

The effect of local corruption on ownership strategy in cross border mergers and acquisitions

Di Guardo, Maria Chiara; Marrocu, Emanuela; Paci, Raffaele - 2015

This paper focuses on how corruption affects an important internationalization behavior of firms: the extent of control - wholly owned subsidiary or equity participation - exercised by firms involved in cross-border mergers and acquisitions (M&A). Recently, scholars have recommended studying the...

Persistent link: https://www.econbiz.de/10011484494

Analysis of glamorous acquisitions in the telecommunications sector : overvaluation or success?

Navío-Marco, Julio; Serrano Calle, Silvia; … - 2017

This article analyses the performance and value creation of the glamorous operations of mergers and acquisitions (M&A) in the telecommunications sector, trying to understand if the glamour company's M&A operations conduct to the stockholder wealth maximization, and the role of acquirer's...

Persistent link: https://www.econbiz.de/10011777848

Start-up acquisitions and innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We apply this theory to identify the effects of prohibiting start-up acquisitions. We differentiate between killer acquisitions (when the incumbent does not commercialize the acquired start-up's...

Persistent link: https://www.econbiz.de/10012438192

Does monetary policy affect mergers and acquisitions?

Fischer, Johannes; Horn, Carl-Wolfram - 2021 - This version: March 1, 2021

We analyse the effects of monetary policy on mergers and acquisitions (M&A) activity in the United States, both on the aggregate and the firm level. We find that aggregate M&A activity decreases significantly following a monetary policy shock. The aggregate results are confirmed by an analysis...

Persistent link: https://www.econbiz.de/10013342089

International aspects of merger policy : a survey

Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - In: International journal of industrial organization 50 (2017), pp. 415-429

Persistent link: https://www.econbiz.de/10011820579

The General Court reverses Commission's decision in H3G UK/Telefónica UK : proposing a "fruits in a bowl" to assess the competitive effects of mergers

Tyagi, Kalpana - 2021

's failure to meet the Court's newly-found higher threshold demonstrating that the merger would lead to 'significant impediment … merger specific efficiencies are also discussed. …

Persistent link: https://www.econbiz.de/10013362719

China's antitrust policy : recent developments and decision patterns

Tan, Wei; Sun, Su; Évrard, Sébastien - In: Emerging markets finance & trade : a journal of the … 50 (2014), pp. 37-50

Persistent link: https://www.econbiz.de/10011339563

Agony of choice : trading off stability and competition in the banking markets

Hellwig, Michael; Laser, Falk Hendrik - 2019 - Preliminary version

We investigate the trade-off between financial stability and competition policy by focusing on the merger of ABN AMRO … and Fortis Bank NL in the Dutch retail banking market. The financial crisis delayed the completion of the merger giving … the first to apply merger simulation methods in the context of banking using disaggregated data. …

Persistent link: https://www.econbiz.de/10012268034

1
2
3
4
5
6
7
8
9
10
Next
Last