This paper analyzes capital market reactions to international bank M&A. We investigate the
combined stock return patterns of targets, bidders, and their peers upon takeover …

There are inconclusive results on the literature on the consequences of mergers and
acquisitions (M&A) on corporate performance as well as factors that might affect such …

Clearly dominating the US retail market, Wal-Mart expanded into Germany (and Europe) in
late 1997. Wal-Mart's attempt to apply the company's proven US success formula in an …

This paper proposes an explanation as to why some mergers fail, based on the interaction
between the pre-merger gathering of information and the postmerger integration processes …

The M&A literature is broad and fragmented. It studies M&A success and failure from various
disciplinary perspectives and examines M&A deal outcomes at separate stages of the M&A …

Nowadays, more and more airlines have adopted various alliance strategies, such as code
sharing, equity sharing, merging and acquisition to survive in the rigorously competitive …

Ende 1997 weitete der US-amerikanische Einzelhandelsriese Wal-Mart seine geschäftli-
chen Aktivitäten nach Deutschland aus. Wal-Marts Versuch, das bewährte US-Erfolgsrezept …

We consider a setting in which two potential merger partners each possess private
information pertaining both to the profitability of the merged entity and to stand-alone profits …

Mergers And Efficiency: Changes Across Time focuses on one aspect of the corporate
finance revolution that restructured Corporate America and led to the longest expansion in …

In this paper we report the results of an empirical investigation based on a sample of 105
failed merger bids that occurred in the UK in the 1980's. We find that target firms report large …