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Merger deals are one of the most important business strategies which can change the company value dramatically. Mergers … analyze merger activities during economic crisis periods, as it was in Greece recently. This paper explores the accounting … for one year before and after the merger. The analysis of Greek listed companies that comprise the final sample is …
Persistent link: https://www.econbiz.de/10012506241
Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...
Persistent link: https://www.econbiz.de/10011569023
the level of networks, applications, and services. The paper examines bundling, differentiation, alliances, and merger …
Persistent link: https://www.econbiz.de/10012755398
I conduct an event study on the proposed $26.5 billion merger between Sprint and T-Mobile. Positive and statistically … and Verizon is consistent with a market power interpretation of the merger. AT&T's returns appear unaffected by news of …
Persistent link: https://www.econbiz.de/10012917791
on the claims of the parties that “immense” merger efficiencies would overwhelm any apparent losses of competition than … companies based their “economic model” of the merger on estimates of efficiencies on AT&T's “engineering model”, without …
Persistent link: https://www.econbiz.de/10013107322
following a merger. No merger should be unconditionally cleared if it involves a large amount of users' data. The chapter …
Persistent link: https://www.econbiz.de/10012852029
Should internet era merger policy differ from industrial era merger policy? Platform ecosystems rely on economies of … traditional merger policy tools. This paper examines the acquisition strategies of the five major U.S. platforms—Google, Amazon …, Facebook, Apple, and Microsoft— since their inception. We discuss the main merger and acquisition theories of harm and how …
Persistent link: https://www.econbiz.de/10013242012
Merger value is frequently evaluated in single market contexts without considering possible gains stemming from firms … multimarket firms create incremental value. We establish a simple theoretical model that determines merger value in a multimarket … firm environment. The model enables us to derive merger values as being independent of post-merger market shares, but …
Persistent link: https://www.econbiz.de/10011549386
We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under … unions organising workers. If the input suppliers are plant-specific, we find that a merger is more profitable than in a … take part in a merger than being an outsider. For firm-specific input suppliers, on the other hand, results are reversed …
Persistent link: https://www.econbiz.de/10011409994
interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …
Persistent link: https://www.econbiz.de/10011374427