There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited … reviewing the use and challenges of event studies in merger analysis, I use a novel application of Hoberg-Phillips (2010, 2016 ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …

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 …

, which may not be possible since entry decisions are secret. By removing or mitigating this coordination failure, a merger … among laggards may lead to more entry (or innovation). Such a merger will also be more likely to benefit consumers when the … merger. Importantly, we find that in the presence of fixed entry costs and endogenous entry, fixed cost synergies are …

of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M … investors believe in gains through the exploitation of market power by the post-merger entity. In a multinomial logistic model …

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 …

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 …

attributed to either the collusion, productive efficiency, acquisition probability or pre-emptive merger hypothesis. In contrast …

transition from an n to an n-1 player oligopoly after a merger. Competitors are identified via the European Commission's market … investigations and our methodology allows us to distinguish the externality due to the change in market structure from the merger …