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 …

more successful is the target company's performance after the takeover …

specifically on firms' performance around and after a takeover. Despite the aggregate M&A market amounting to several trillions USD …) long-run performance. We find that post-takeover deal performance is affected by key determinants including serial …

deals remains highly uncertain and success relies on an effective Post Merger Integration (PMI). We argue that a central … element of PMI should be a review and restructuring of the new legal structure, as the merger of two banks with complex branch …

have witnessed significant merger and acquisition activity as a result of these reforms in attempts to privatize and …

diligence. Section 5 will focus on the importance of merger and integration committees. Finally, in Section 6, we will offer a … experience of managers who have gone through merger processes and ground our discussion in the scientific literature …

&A decisions. This study runs statistical regressions on the likelihood of a merger, whether the deal is diversifying, how much … variable of interest and including controls for firm characteristics, merger characteristics, industry, and year. This paper …