This paper examines the diagnosis related group-level (DRG) price effects of recent hospital mergers and acquisitions that occurred in Ohio and California. Empirical results indicate that hospital mergers and acquisitions increase prices at the DRG level. Further, price increases are greater in DRGs where the merging hospitals gained substantial market share compared to DRGs where the merging h...

A merger is a transaction that combines two firms, leaving one surviving entity. An acquisition is the purchase of one firm by another individual or firm. Both transactions fall under the more general heading of takeovers. Takeovers can play a constructive economic role, for example by removing inefficient management or by achieving economies of scale and complementarity. On the other hand, the...

Using a unique Norwegian dataset, which combines information on companies’ bank accounts, annual accounts and bank mergers and acquisitions (M&As), we find evidence that such M&As reduce credit availability and worsen borrowing terms for nontransparent firms. Since, due to information asymmetries, such firms are typically more dependent on bank lending relationships, our results indicate that t...

Although domestic mergers and acquisitions (M&As) in the financial services industry have increased steadily over the past two decades, international M&As were relatively rare until recently. This paper uses a novel dataset of over 2,300 mergers that took place between 1978 and 2001 to analyse the determinants of international bank mergers. We test the extent to which information costs and regu...

Using a large database of U.S. mergers and acquisitions (M&As) announced from 2010 through 2017, we examine the effects capital ratio (leverage) on announcement period stock price reaction as well longer-term returns performance, for banks, making comparisons with non-banks. We compare reactions (computed in different ways) lower (lower than sample median) capitalized banks non-banks that h...

The timing of M & A is the important aspect of M&A theory. In recent years China's mergers and acquisitions rapidly developed, while there was rare in-depth analysis and scientific verification of the affecting factors of the increasing acquisition. In this paper, according to the subject research in the global, we do empirical test of the macroeconomic factors that may affect the corporate acq...

This paper presents an empirical analysis of the Russian market of mergers and acquisitions in 2003-2012. This analysis allowed for the conclusion that, to assess and forecast the integration activity of Russian companies, the most precise and appropriate models are seasonal autoregressive integrated moving average models built on weighted observations to eliminate the effect of the structural ...

The image part with relationship ID rId9 was not found in the file. ABSTRACT Developed to optimize the business benefits of an active mergers and acquisitions strategy, this white paper outlines key objectives and guiding principles for IT integration diligence, planning, and execution. It is intended for IT executives, architects, designers, and consultants who are responsible for merger and a...