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Restructuring and merger waves
International Journal of Economic Theory, 2014AbstractAlthough merger waves are one of the most important market structures shaping forces, they have been the object of little theoretical investigation in industrial economics. This paper explains how the occurrence of industry merger waves is determined by the interplay between the synergy opportunities offered by mergers and the possibility to ...
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Abstract Aggregate merger waves could be due to market timing or to clustering of industry shocks for which mergers facilitate change to the new environment. This study finds that economic, regulatory and technological shocks drive industry merger waves.
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This thesis discusses the underlying economics of mergers and merger waves. An initial examination of the motives behind mergers and their implications reveals a striking paradox. Although economic intentions are often cited as the motive for undertaking a merger, the evidence suggests that mergers will often result in zero or negative gains to the ...
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The role of risk management in mergers and merger waves
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