out to result from reducing individual inefficiencies. The majority of the 84 merger cases is characterized by merger …

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 … approach is that it encompasses the impact of merger events not only on merging firms (custom in the literature), but also on …

-based synergies in horizontal merger activity. We propose a schematic 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 … encompasses the impact of merger events not only on merging firms - as is custom - but also on non-merging competitor firms (the …

It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …

The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger …