underperform their nonbidding peers. I further find that formerly less innovative bidders benefit more from acquisitions. These … findings suggest that technological innovation affects firms' acquisition decisions, and in turn, acquisitions help firms …

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 …

horizontal merger activity. We propose a theoretically-backed methodological approach to classify mergers that yields more … information on merger types and merger effects, and that can, moreover, distinguish between mergers characterized largely by … collusion-based synergies and mergers characterized largely by efficiency-based synergies. Crucial to the proposed measurement …

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 …

Valuing and identifying synergies in mergers and acquisitions is one of the important issues in Corporate Finance. The … aim of this paper is to value the impact of synergies resulted from mergers/acquisitions in the European pharmaceutical …

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

. These factors are shown to have a positive impact on the number of cross-border mergers and acquisitions (M&As) and joint … likely to hold outright majority control if the target company is located in a country with less political stability, weaker …