merger performance is lower …

anchoring bias in evaluating the effect of a merger or acquisition announcement by Russian investors. We demonstrate a …

Using merger documents filed with the SEC from 1994 to 2018, we show that being selected by investment banks as … merger filings. A portfolio that longs peers and shorts non-peers matched for industry and size earns up to 15.6% alpha in …

the companies they work for and various firm dynamics. I explore how employee morale affects merger probability, post-merger … findings. Firms with similar employee morale are more likely to merge, achieve greater short-run and long-run post-merger … with similar morale achieve better post-merger integration than those with dissimilar morale. The high morale of target …

, which firms are part of it. The second aim of the experiment is to study the coordinated effects of a merger when partial … after a merger. Our findings suggest that merger analysis that is based on the assumption that only full cartels forms … produces misleading results. Our analysis also illustrates how merger simulations in the lab can be seen as a useful tool for …