Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbid and destroy shareholder … an informative estimate of the causal effect of mergers in our sample. Existing measures of long-run abnormal returns …

collusion-based synergies and mergers characterized largely by efficiency-based synergies. Crucial to the proposed measurement …The strategy literature has found it difficult to differentiate between collusive and efficiencybased synergies in … horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more …

for the savers. Given the adverse implications of banking mergers for a competitive environment, we argue that to maintain …

Driven by a philosophy of shareholder value, mergers and acquisitions form a new economic, social and cultural … environment. It is only by a profound understanding of the success factors in mergers and acquisitions that they are able to … countries from Central and Eastern Europe that have experienced mergers or acquisitions in the last 5 years, in which we exhibit …

market with only three firms is necessary to block mergers and acquisitions. …

The economic consequences deriving from the activity of mergers and acquisitions to US bidders are not supportive of … bidders and the business climate. Nevertheless, mergers and acquisitions are fundamentally dependant of personal …

Empirical evidence do not appear to robustly support the phenomenon of mergers and acquisitions in Greece, considering … comparisons. Mergers and acquisitions do not constitute a business panacea and probably the extensive interest for business …