Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94154
Year of Publication: 
2006
Series/Report no.: 
SFB/TR 15 Discussion Paper No. 163
Publisher: 
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY), München
Abstract: 
Using a sample of 167 mergers during the period 1990-2002 involving 544 firms either as merging firms or competitors, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find positive and significant correlations between them when using a long window around the announcement date and, for rivals, in case of anticompetitive mergers.
Subjects: 
Mergers
Merger Control
Event Studies
Ex-post Evaluation
JEL: 
L4
K21
G34
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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