The literature on mergers and acquisitions shows that a merger among identical firms is not profitable. This study … if environmental policies adjust with a change in market structure because of a merger, such a merger can be profitable …

The paper shows that the standing of theory in the field of mergers and acquisitions is weak for at least three reasons …. Research is best described as a battlefield of ad hoc theory testing leaving behind a fragmented field. Research has focused … growth). The deficiencies in the standing of theory will be reflected in weak institutions to handle the political processes …

refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign … when a cross-border merger with hollowing out is not profitable but it is socially desirable. -- Economic models …

evaluating economic effects of merger and acquisitions (M&A). This framework allows to consider the variation in treatment …

merger targets between 1990 and 2009. We use different matching techniques to construct separate control groups for acquirers … R&D growth and intensity. We find that target firms substantially decrease their R&D efforts after a merger, while the R …

predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity a merger reduces innovation in both the merged entity and in non-merging competitors in an industry with high R … consistent with many predictions of the theoretical model. Our main result is that after a merger patenting and R\&D of the …

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 …

predicts that a merger is more likely to be profitable in an innovation intensive industry. For a high degree of firm … heterogeneity, a merger reduces innovation of both the merged entity and non-merging competitors in an industry with high R … consistent with many predictions of the theoretical model. Our main result is that after a merger, patenting and R&D of the …