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media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine …, we address three research questions: (i) Is the current development of analyzing industry with its recent merger activity … merger control in this industry, as well as a more active abuse control against already vertically-integrated media companies …
Persistent link: https://www.econbiz.de/10012869100
that growth is merely industry consolidation, not organic growth, and geographical differences are the result of different … the proliferation of leveraged buyouts in Europe is accelerating consolidation, without visible firm operating performance …
Persistent link: https://www.econbiz.de/10014350754
We analyze the role of bank mergers as determinants of the evolution of branch presence at the county level. Panel regressions based on county-level branch density are used to study differences across urban versus rural counties as well as pre- and post-crisis. The results indicate that bank...
Persistent link: https://www.econbiz.de/10012845952
We empirically examine the impact of bank consolidation on bank acquisition of soft information about borrowers. Using … complexity upon a merger, rather than a post-merger cost-cut, is likely to cause a negative and significant impact on soft … information acquisition by small banks. These findings are consistent with the organizational theory that predicts a comparative …
Persistent link: https://www.econbiz.de/10012954778
The brewing industry has recently experienced increased merger activity. This paper analyzes the shortterm wealth … effects of horizontal mergers and acquisitions on acquirers in the brewing industry. Based on a sample of 69 takeover …
Persistent link: https://www.econbiz.de/10013090726
The aim of the study is to estimate the level of competition and concentration in the Polish banking sector in 1997-2009 (prior the financial crisis and during the crisis). In this paper the Panzar and Rosse model (P-R) and the Lerner index (LI) have been used for the evaluation of competition....
Persistent link: https://www.econbiz.de/10013096327
A usual assumption in the theory of collusion is that cartels are all-inclusive. In contrast, most real-world collusive …, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms …
Persistent link: https://www.econbiz.de/10012947822
We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as … composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger's effects …, controlling for selection on observables through a matching procedure when defining our control group. We show that the merger led …
Persistent link: https://www.econbiz.de/10012543525
Revisions incorporated into the Horizontal Merger Guidelines in 2010 claim that the Department of Justice and the …
Persistent link: https://www.econbiz.de/10014143894
We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as … composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger’s effects …, controlling for selection on observables through a matching procedure when defining our control group. We show that the merger led …
Persistent link: https://www.econbiz.de/10013222202