Abstract This paper explores whether social ties, proxied by Facebook friendship links, can explain why the number and value of mergers acquisitions (M&As) are greater within countries than between countries. We find that ties positively correlated with M&As. also demonstrate home bias in M&As is greatly reduced once we control for differences further particularly facilitate when le...

From the perspective of goodwill generated by mergers and acquisitions, this paper analyzes reasons for huge high-premium acquisitions asset-light enterprises influencing factors impairment, finds out adverse consequences puts forward some measures to prevent risk impairment caused so as make more objective rational in future minimize negative impact acquisitions.

We examine coordinated effects of mergers in the Swedish retail market for gasoline during the period 1986-2002. Despite significant changes in market concentration and many factors conducive to coordination, the empirical analysis shows that the level of coordination is low. In addition, statistical tests reject the hypothesis that mergers and acquisitions result in ”coordinated effects”. In p...

We systematically analyse the effects of mergers and acquisitions on the demand for labour in the USA and Europe. We do not find adverse effects of mergers on labour demand in the USA, however we do find negative effects in Europe of the order of –10% compared to pre-merger levels. We attribute this significant difference to more rigid labour markets in Europe than in the USA.

This paper applies real option pricing theory to the analysis of a sample of 15 recent mergers and acquisitions in the European Financial Services industry. Overall, it is found that those acquisitions were not on average overpaid. Nevertheless, further analysis, assuming the option premium equalled the takeover premium, shows that either the implicitly assumed volatility was too low, the assum...

This paper studies the dynamics and trends in processes of mergers acquisitions a highly competitive global economic environment. The aim this study is to analyse divide into periods M&A agreements economy. produces precise definition discusses benefits drawbacks such horizontal vertical agreements. authors discuss historical waves present 11 individual containing special aspects descriptio...

We examine the effects of economic policy uncertainty (EPU) on cross-border mergers and acquisitions (CBAs). The results show that a higher degree EPU at home retards number volume inbound CBA deals. However, this effect is positively moderated by host country’s better quality institution, business environment political risk. bilateral acquirer-target country-pair investigation reveals while in...