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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IUI Working Paper ; No. 542
- Klassifikation
-
Wirtschaft
Information and Market Efficiency; Event Studies; Insider Trading
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Monopoly; Monopolization Strategies
Monopolization; Horizontal Anticompetitive Practices
- Thema
-
Mergers & Acquisitions
Event Studies
Antitrust
Coalition Formation
Fusion
Wohlfahrtsanalyse
Börsenkurs
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fridolfsson, Sven-Olof
Stennek, Johan
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of Industrial Economics (IUI)
- (wo)
-
Stockholm
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fridolfsson, Sven-Olof
- Stennek, Johan
- The Research Institute of Industrial Economics (IUI)
Entstanden
- 2000
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