information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under …

detect a significant efficiency enhancing effect of benchmarking, we find insignificant merger economies due to the absence … association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly …, merger activity arose. This paper develops a tailored nonparametric model to dissect and distinguish the effects on …

analyzing the impact of insurers' scale of operations and group affiliation status on benefits, costs, and efficiency from the … regarding the assessment of what constitutes efficiency with respect to scale of operations and group affiliation status … some guidelines regarding the appropriate scale of operations for the scale efficiency, and informs discussion of mergers …

account the selection bias of merging firms. We simultaneously consider the dynamics of firm performance and the merger …

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or … are robust to a range of approaches to address the endogeneity of firms' merger decisions …

economic efficiency as a goal of competition policy. The fixation on the promotion of economic efficiency and intense or fierce … and wage efficiency theoretic assumptions, this paper challenges the use of the ‘efficiency’ benchmark at both micro … economy will be used to demonstrate how internal growth and merger-specific efficiencies – some of which include the …