Evidence On Mergers And Acquisitions
- Topics:
- Mergers
- Tags:
- Finance,
- Investment,
- M&A,
- Merger,
- Mergers & Acquisitions,
- Stock,
- Stock Market
- Source:
- Federal Trade Commission
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Overview: This paper provides a broad-brush treatment of the empirical economics literature regarding the effects of mergers and acquisitions. Much of the literature has direct or indirect implications for competition policy. Of most direct interest to those concerned with merger-related antitrust issues are three types of empirical studies: stock market event studies, large-scale accounting data studies, and case studies that use either interview methods or more objective, data-intensive, pre-merger and post-merger performance approaches to study individual mergers. The empirical literature in economics provides a variety of approaches to the study of mergers and acquisitions. The direct approaches include: (1) studies that use stock market data to determine the effects of an acquisition event (2) large, multi-industry studies (3) studies of one or several mergers (4) studies of one or several mergers in a particular industry and (5) studies of the effects of leveraged buy-outs on labor, investment, and other factors of interest.
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Format: PDF | Size: 5,110KB | Date: Sep 2001 | Pages: 87
