Showing 31 - 40 of 19,066
Based on empirical studies and theoretical evidence, the paper investigates the relationship between mergers and … the number of mergers and acquisitions, the research results suggest that, for the market and period considered, one way …
Persistent link: https://www.econbiz.de/10008829746
Purpose: Mergers and acquisitions (M&A) have become a popular vehicle for domestic as well as international companies …
Persistent link: https://www.econbiz.de/10011107682
differentiated products mergers: the Almost Ideal demand System (AIDS), logit, linear, and log-linear (constant elasticity). …
Persistent link: https://www.econbiz.de/10005625623
The research assesses how the two Big Eight mergers of 1989 affected the market for audit services. A data set of 1 …,978 firms over a 12-year period is used to test four theories of how the mergers could have affected competition and consumer … welfare. The study finds that the mergers reduced the marginal costs of auditing large clients. There is no evidence that the …
Persistent link: https://www.econbiz.de/10005625638
effects of concern. This paper analyzes mergers in randomly generated Cournot and Bertrand Industries to ascertain the … incremental effect of the mergers on the profitability of entry, and determine the net effects on prices welfare of the mergers …
Persistent link: https://www.econbiz.de/10005625639
Event studies on shareholder wealth effects of American and French takeovers find out that targets clearly gain, and bidders do not lose. We estimate in this study the abnormal returns associated with takeovers in the French market during the period of intense acquisition activity of 1991 - 1997.
Persistent link: https://www.econbiz.de/10005630687
for a policy aimed at discouraging domestic mergers. This implicitly assumes that the tariff in question is sufficiently … merger more profitable. Hence, trade liberalization will not necessarily reduce the profitability of domestic mergers. …
Persistent link: https://www.econbiz.de/10005729756
This paper analyses the effects of scope expansion on the core activity of banks and provides a rationale for their interest in offering a wider product range. We show that scope economies may stem from moral hazard in the core business, and argue that a cost of scope expansion might be the...
Persistent link: https://www.econbiz.de/10005791861
This paper investigates whether changes in Generally Accepted Accounting Principles (GAAP) affect corporate investment … decisions. Using a sample containing forty nine changes in GAAP, I find that changes in accounting rules affect investment … decisions. I then examine two mechanisms through which changes in GAAP affect investment. First, I find that changes in GAAP …
Persistent link: https://www.econbiz.de/10010195104
This study examines liquidity and cost of capital effects around voluntary and mandatory IAS/IFRS adoptions. In contrast to prior work, we focus on the firm-level heterogeneity in the economic consequences, recognizing that firms have considerable discretion in how they implement the new...
Persistent link: https://www.econbiz.de/10013085326