merging and rival firms' stocks to quantify the profitability effects of mergers and merger control decisions. We back up our … assess merger control's effectiveness. By using data gathered from several sources and employing different evaluation … techniques, we analyze the economic effects of the European Commission's (EC) merger control decisions and distinguish between …

Using a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors …, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find … case of anticompetitive mergers. …

rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust … the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if …

The recent merger between US Airways and American Airlines was approved by federal and state antitrust authorities … anticompetitive effects from this merger. The economics literature offers many reasons why such stock-market event studies should not … be used to infer competitive effects from mergers. For example, abnormal returns for rivals might arise for reasons …

This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework. … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …

There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited …. After reviewing event studies as a method to acquire empirical insights into the competitive effects of mergers, I propose a … market returns of likely competitors to 1,751 of the largest U.S. mergers since 1997. I document that likely competitors …

We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …

the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders … blocked mergers in between 2003 and 2009. The first part of this paper lays out the following theoretical approach: We assume …

mergers and acquisitions (M&A) to fight the competitive battle. The present study attempts to evaluate the impact of mergers … payment to finance mergers as issuance of shares is bad news. The management may acquire the target firm as a subsidiary and …