Does the merger paradox exist even without any regulations? Evidence from Germany in the pre-1914 period
This paper measures the market response triggered by merger announcements in an environment without regulations and without a strong separation of ownership and control in Germany. Based on event study methods applied to daily data and regression analyses, I evaluate whether the merger paradox exist...
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| Format: | Article |
| Language: | English |
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2006-12.
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| Online Access: | Get fulltext |