refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign … when a cross-border merger with hollowing out is not profitable but it is socially desirable. -- Economic models …

and managerial factors on post-merger default risk. Our results are consistent with the asymmetric hypothesis that … and industrial diversification play significant roles in affecting post-merger default risk. We find limited evidence …

Applying the real options valuation to measure merger and acquisition (M&A) synergy is highly debatable, with questions … real options applications to measure synergy in cross-border merger activities remains a challenge. The main objective of … the paper is to explore multiple types of synergies in the recent, highly strategic cross-border merger - the Luminor …

analysis reveals that the acquirer captures a greater fraction of merger gains relative to the targets in such a deal, which … indicates that the target's bargaining position in merger negotiations is weakened during its national election year. Political …