, evidence is in strong support that firms with merger-related conference calls yield a higher abnormal return than firms merely …

risk aversion, and private benefit of control on post-merger financial performance in the context of emerging markets of … years of pre- and post-merger data is available. A total of 184 M&A deals were analyzed from SAARC and ASEAN regions …

competition assessment of the impact of a merger on dynamic competition, including its effects on innovation …Recent merger decisions by competition authorities have revived the debate on the relationship between competition and … innovation. This article reviews this issue by drawing on the relevant economic literature, and by placing it in the broader …

to assess innovation effects in recent merger reviews …' incentives to innovate ex post. We then discuss these mechanisms in the context of several illustrative merger reviews and … challenges brought by U.S. and EU antitrust authorities where concerns about innovation played a meaningful role in the agency …

How far should an industry be allowed to consolidate when competition and innovation are endogenous? We develop a … between competition and innovation, with heterogeneity across time and productivity. Our counterfactual simulations suggest …

, and decreasing production and R\&D efficiencies. In this study, we investigate merger impacts on innovation using a panel … correlated with firms' innovation. Our findings also indicate that merger effect on innovation is heterogeneous across industries …Mergers lead to larger firms and a less competitive market structure, but their effects on innovation are not clear …

The impact of innovation on mergers has been a subject of debate in merger enforcements. Firms may decide to merge … on the drivers of mergers, but empirical evidence on innovation-induced changes of merger likelihood is limited. In this … investigate the impact of innovation on merger decisions controlling for business cycles and proxies of neoclassical, behavioural …

parameters, such a strategic distortion may result in an alignment or a misalignment of the direction in which innovation goes …