Arbeitspapier
Why Event Studies Do Not Detect Anti-Competitive Mergers
Anticompetitive mergers increase competitors' profits, since they reduce competition. Using a model of endogenous mergers, we show that such mergers nevertheless may reduce the competitors' share-prices. Thus, event-studies can not detect anti-competitive mergers.
- Language
-
Englisch
- Bibliographic citation
-
Series: IUI Working Paper ; No. 542
- Classification
-
Wirtschaft
Information and Market Efficiency; Event Studies; Insider Trading
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Monopoly; Monopolization Strategies
Monopolization; Horizontal Anticompetitive Practices
- Subject
-
Mergers & Acquisitions
Event Studies
Antitrust
Coalition Formation
Fusion
Wohlfahrtsanalyse
Börsenkurs
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Fridolfsson, Sven-Olof
Stennek, Johan
- Event
-
Veröffentlichung
- (who)
-
The Research Institute of Industrial Economics (IUI)
- (where)
-
Stockholm
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fridolfsson, Sven-Olof
- Stennek, Johan
- The Research Institute of Industrial Economics (IUI)
Time of origin
- 2000
Other Objects (12)
Anti- versus Pro-Competitive Mergers
Mergers and the Competitive Process
Genetic codes of mergers, post merger technology evolution and why mergers fail
Genetic Codes of Mergers, Post Merger Technology Evolution and Why Mergers Fail
Why mergers reduce profits and raise share prices: a theory of preemptive mergers
Why mergers reduce profits and raise share prices: A theory of preemptive mergers
Why mergers reduce profits and raise share prices: a theory of preemptive mergers
Horizontal mergers of online firms: Structural estimation and competitive effects
Predicting the Competitive Effects of Mergers by Listening to Customers
Cross-border bank mergers: who gains and why?
Why Mergers Reduce Profits, and Raise Share Prices
EventDetectR – An Open-Source Event Detection System
Anti- versus Pro-Competitive Mergers
Mergers and the Competitive Process
Genetic codes of mergers, post merger technology evolution and why mergers fail
Genetic Codes of Mergers, Post Merger Technology Evolution and Why Mergers Fail
Why mergers reduce profits and raise share prices: a theory of preemptive mergers
Why mergers reduce profits and raise share prices: A theory of preemptive mergers
Why mergers reduce profits and raise share prices: a theory of preemptive mergers
Horizontal mergers of online firms: Structural estimation and competitive effects
Predicting the Competitive Effects of Mergers by Listening to Customers
Cross-border bank mergers: who gains and why?
Why Mergers Reduce Profits, and Raise Share Prices
EventDetectR – An Open-Source Event Detection System
Anti- versus Pro-Competitive Mergers
Mergers and the Competitive Process
Genetic codes of mergers, post merger technology evolution and why mergers fail
Genetic Codes of Mergers, Post Merger Technology Evolution and Why Mergers Fail
Why mergers reduce profits and raise share prices: a theory of preemptive mergers
Why mergers reduce profits and raise share prices: A theory of preemptive mergers
Why mergers reduce profits and raise share prices: a theory of preemptive mergers
Horizontal mergers of online firms: Structural estimation and competitive effects
Predicting the Competitive Effects of Mergers by Listening to Customers
Cross-border bank mergers: who gains and why?
Why Mergers Reduce Profits, and Raise Share Prices