This paper develops a model of the timing of merger waves based on the investment opportunityı synergy (lOS) hypothesis. The model reveals some important weaknesses on the presumedı implications of IOS and suggests that changes in the institutional framework may be responsibleı for the long-term changes in merger activity. The analysis of FTC "Large Firm" Merger andı Acquisitions time series gives additional support to these conclusions
Although Mergers and Acquisitions (M&A) are potential value-creation opportunities, why they tend to...
Does valuation affect mergers? Data suggest that periods of stock merger activity are correlated wit...
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime s...
This paper develops a model of the timing of merger waves based on the investment opportunityı syner...
Although merger waves are one of the most important market structures shaping forces, they have been...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
This study reexamines whether the occurrence of merger waves can be explained by the neoclassical hy...
This paper presents some ideas about determinants of merger waves and some evidence on their effect ...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
One of the most conspicuous features of mergers is that they come in waves that are correlated with ...
textabstractThis paper explains why consolidation acquisitions occur in waves and it predicts the di...
One of the most conspicuous features of mergers is that they come in waves that are correlated with...
Historically, merger and acquisition (or M&A) activity has occurred in cyclical patterns, forming wh...
Although Mergers and Acquisitions (M&A) are potential value-creation opportunities, why they tend to...
Does valuation affect mergers? Data suggest that periods of stock merger activity are correlated wit...
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime s...
This paper develops a model of the timing of merger waves based on the investment opportunityı syner...
Although merger waves are one of the most important market structures shaping forces, they have been...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
This study reexamines whether the occurrence of merger waves can be explained by the neoclassical hy...
This paper presents some ideas about determinants of merger waves and some evidence on their effect ...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
We develop a model of endogenous mergers to study their dynamic process. Firms choose whether, when,...
One of the most conspicuous features of mergers is that they come in waves, and that these waves are...
One of the most conspicuous features of mergers is that they come in waves that are correlated with ...
textabstractThis paper explains why consolidation acquisitions occur in waves and it predicts the di...
One of the most conspicuous features of mergers is that they come in waves that are correlated with...
Historically, merger and acquisition (or M&A) activity has occurred in cyclical patterns, forming wh...
Although Mergers and Acquisitions (M&A) are potential value-creation opportunities, why they tend to...
Does valuation affect mergers? Data suggest that periods of stock merger activity are correlated wit...
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime s...