Showing 1 - 10 of 1,903
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
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 … covering the time period from 2008 to 2010. We model the demand for savings accounts as discrete choice for differentiated …
Persistent link: https://www.econbiz.de/10012268034
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
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We apply this theory …
Persistent link: https://www.econbiz.de/10012438192
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
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that …
Persistent link: https://www.econbiz.de/10013330715
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
Persistent link: https://www.econbiz.de/10010394193
Persistent link: https://www.econbiz.de/10014489132
Persistent link: https://www.econbiz.de/10011396521