are value-relevant. Using text analytical methods, we only find a positive relationship between synergy projections and …

reasons to make a bargain on M&A is intention to obtain positive synergy effect because basing on management theory its …The paper reviews integration problems for complex economic objects aiming to achieve a synergy effect from … problems concerning assessment of synergy effect at M&A of companies are the new among examining objects and that is why need …

Applying the real options valuation to measure merger and acquisition (M&A) synergy is highly debatable, with questions … real options applications to measure synergy in cross-border merger activities remains a challenge. The main objective of … the paper is to explore multiple types of synergies in the recent, highly strategic cross-border merger - the Luminor …

the 1980s. Offsetting this increase, the average bidder-specific component has declined. We propose a theory of bidder …-specific synergies to help interpret these opposing trends. In our theory and in the data, acquirer returns increase with the extent to … consistent with rising merger synergies that have become less bidder-specific …

Defending a challenged merger on the basis of synergies requires an analysis of the likely pass through to consumers of … functions. The marginal cost reductions necessary to fully compensate for the price-increasing effects of a merger, however, do … absent synergies and indicates that pass through should not be addressed as a discrete issue in merger cases. Finally, the …

having the same agency problem. The merger creates synergy, but it also causes the principal to lose information in observing … essentially nonexistent and the merger is profitable. Second, if the post merger contract is very sensitive, then synergy is … the agent's performance. We call the latter problem the observability problem associated with merger. We focus on the …

uses, may alter the divisional manager's entrenchment incentive. In the "double-edged sword of mergers", synergy and … internal agency effects are of opposite sign and merger gains may not be increasing in expected synergies. We characterize when …