, and decreasing production and R\&D efficiencies. In this study, we investigate merger impacts on innovation using a panel … correlated with firms' innovation. Our findings also indicate that merger effect on innovation is heterogeneous across industries …

are robust to a range of approaches to address the endogeneity of firms' merger decisions …

It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We … explain merger formation and the impact on product market performance. More specifically, we find that acquiring firms …

is a key factor in mergers and acquisitions. We find that mergers are more likely and merger returns and post-merger …