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We study the impact on bank merger activity of the strengthening in merger control legislation introduced in Europe … between 1989 and 2004. We find that strengthening merger control increases the abnormal returns on bank target stocks in the … days around the merger announcement by 7 percentage points relative to before the new legislation. We discuss several …
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reactions to the industry peers in the short term and FinTech merger waves in the long term …
Persistent link: https://www.econbiz.de/10013301485
available to banks in individual EU countries help to account for cross-border merger activity. The paper explains how this …
Persistent link: https://www.econbiz.de/10013142720
The Bank of Cyprus Public Company Ltd. was founded in 1899 and is the holding company of the Bank of Cyprus Group. The … Bank is the leading financial services organisation in Cyprus and operates 115 branches in Greece. It is also well … with the opening of a wholly owned subsidiary bank in Australia, which operates ten branches. The bank also has …
Persistent link: https://www.econbiz.de/10010352900
actually reduce consumer surplus which opposes the use of an efficiency defense in merger control. …
Persistent link: https://www.econbiz.de/10010360044
that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the … concerns about the Commission’s merger enforcement being too lax. …
Persistent link: https://www.econbiz.de/10012668490
scrutinized by the European Commission between 1995 and 2014. We show that concentration, as measured by the market-specific post-merger … dimension analyzed. Strict past merger enforcement negatively correlates with concentration. Yet, this effect is stronger in the …
Persistent link: https://www.econbiz.de/10012421242
's takeover strategy and the decision problem of the antitrust authority. We derive implications for a merger control approach to … acquirer firm to learn the merger synergies with the target firm in advance. The realization of a synergy is uncertain ex ante …, so that a direct merger exhibits a downside risk not only for the merging candidates but also for consumers. We show that …
Persistent link: https://www.econbiz.de/10011684773