of a merger review. We focus on the three necessary conditions for a coordinated effect to arise post-merger: (i) firms … government (external stability conditions). We subsequently discuss the relevance of considering the merger-specificity of …

assumption were held, a positive external effect of a proposed merger would represent a sufficient condition to allow the merger … theory, moreover, demonstrates that privately unprofitable mergers can be the result of rational action. Therefore, we drop … this restrictive assumption and allow for unprofitable mergers to occur. This exerts a considerable impact on merger policy …

This paper examines the determinants of cross-sectional variation in post-merger mutual fund performance. Mergers …

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 …

cash and stock used to finance the takeover (the method of payment). Within this framework, we analyze the effect of the …