macroeconomic conditions. Our results support the notion that mergers are often undertaken to seize growth opportunities. -- merger …

multinational insolvencies and creditors' ability to do insolvency arbitrage. The spillover effects we observe are stronger for …

risk on average. This effect is particularly pronounced for pre-merger low-risk insurers and reinsurers. As Solvency II … generally aims to enhance the soundness of the insurance sector and its firms, policymakers should be aware of this merger … study reveals that merger-related default risk changes are mostly driven by acquirer characteristics and to a limited extent …

The phenomenal growth in corporate merger activity of the 1960s revived interest in the motives and effects relating to … finance, law, and economics. Various authors have argued that motives for merger include increased market power [15, 21, 23 … of all merger motives, and perhaps the only one for which no systematic attempts at empirical validation have been …