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MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY.
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MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY. (1993)MERGERS AND MARKET POWER -- EVIDENCE FROM…The Economic Effects of Airline Deregulation (2010)The Economic Effects of Airli…Living by the "Golden Rule": Multimarket Contact in the U. S. Airline Industry (1994)Living by the "Golden Rule": …Fare Determination in Airline Hub-and-Spoke Networks (1992)Fare Determination in Airline…Multimarket Contact and Collusive Behavior (1990)Multimarket Contact and Collu…Hostile Takeovers in the 1980s: The Return to Corporate Specialization (1990)Hostile Takeovers in the 1980…AIRLINE MERGERS, AIRPORT DOMINANCE, AND MARKET POWER (1990)AIRLINE MERGERS, AIRPORT DOMI…The Market for Corporate Control: The Empirical Evidence Since 1980 (1988)The Market for Corporate Cont…Takeovers: Their Causes and Consequences (1988)Takeovers: Their Causes and C…Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Synergistic gains from corpor…Investment banking and the capital acquisition process (1986)Investment banking and the ca…Corporate mergers and security returns (1986)Corporate mergers and securit…The rationale behind interfirm tender offers (1983)The rationale behind interfir…The market for corporate control (1983)The market for corporate cont…Horizontal mergers, collusion, and stockholder wealth (1983)Horizontal mergers, collusion…Strong Employers and Weak Employees (2020)Strong Employers and Weak Emp…Airports and airlines economics and policy: An interpretive review of recent research (2012)Airports and airlines economi…Acquisition announcements and stock market valuations of acquiring firms' rivals: A test of the growth probability hypothesis in China (2012)Acquisition announcements and…A Comprehensive Review of Multimarket Competition Research (2012)A Comprehensive Review of Mul…How effective is European merger control? (2011)How effective is European mer…Emerging Country Cross-Border Acquisitions: Characteristics, Acquirer Returns and Cross-Sectional Determinants (2011)Emerging Country Cross-Border…Horizontal acquisitions and buying power: A product market analysis (2010)Horizontal acquisitions and b…Acquisition vs. internal development as modes of market entry (2009)Acquisition vs. internal deve…Corporate Takeovers**Surveying the vast area of corporate takeovers is a daunting task, and we have undoubtedly missed many interesting contributions. We apologize to those who feel their research has been left out or improperly characterized, and welcome reactions and comments. Some of the material in Section 3 is also found in Eckbo (2008). (2008)Corporate Takeovers**Surveyin…The Impact of Bank Consolidation on Commercial Borrower Welfare (2005)The Impact of Bank Consolidat…An Empirical Analysis of Territorial Encroachment Within Franchised and Company-Owned Branded Chains (2004)An Empirical Analysis of Terr…Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1 (1998)Wealth creation versus wealth…Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence From The Banking Industry (1998)Do Substantial Horizontal Mer…The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function (1997)The Effects of Megamergers on…Privatization and efficiency: Industry effects of the sale of British Airways (1997)Privatization and efficiency:…Multimarket contact and pricing: Evidence from the U.S. cement industry (1997)Multimarket contact and prici…Merger proposals, management discretion and stockholder wealth (1980)Merger bids, uncertainty, and stockholder returns (1983)Antecedents and Performance Outcomes of Diversification: A Review and Critique of Theoretical Perspectives (1990)Another Look at the Cross-Section of Expected Stock Returns (1995)Relational Embeddedness and Learning: The Case of Bank Loan Managers and Their Clients (2003)From Competitive Advantage to Corporate Strategy (1989)Agency costs of free cash flow, corporate finance, and takeovers (1996)The Effects of Banking Mergers on Loan Contracts (2002)The vanishing hand: the changing dynamics of industrial capitalism (2003)The Handbook of Organizational Economics (2013)Industrial Market Structure and Economic Performance. (1971)The Economic Institutions of Capitalism (1987)The Theory of Industrial Organization (1988)Toward a Comparative Institutional Analysis (2002)The Costs of Environmental Regulation in a Concentrated Industry (2012)How does capital affect bank performance during financial crises? (2013)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Large Shareholders and Corporate Control (1986)The Hubris Hypothesis of Corporate Takeovers (1986)Firms, Contracts, and Financial Structure (1995)Firm size and the gains from acquisitions (2004)A review of tax research (2010)Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980)COMPETITIVE DYNAMICS OF INTERFIRM RIVALRY. (1996)Hypercompetition in a Multimarket Environment: The Role of Strategic Similarity and Multimarket Contact in Competitive De-Escalation (1996)Collusive Conduct in Duopolies: Multimarket Contact and Cross-Ownership in the Mobile Telephone Industry (1997)Ownership structure and voting on antitakeover amendments (1988)Agency Theory: An Assessment and Review (1989)INSTRUMENTAL STAKEHOLDER THEORY: A SYNTHESIS OF ETHICS AND ECONOMICS (1995)Event Studies in Economics and Finance (1997)A Theory of Oligopoly (1964)Risk and return: The case of merging firms (1974)Estimating betas from nonsynchronous data (1977)Sources of gains in horizontal mergers: evidence from customer, supplier, and rival firms (2004)Vertical Integration and Firm Boundaries: The Evidence (2007)The Importance of Industry Links in Merger Waves (2013)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Efficient Capital Markets: II (1991)The Long‐Run Performance of initial Public Offerings (1991)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Markets and Hierarchies: Analysis and Antitrust Implications. 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References

  • 1983The market for corporate control4,145 cited
  • 1988Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms1,702 cited
  • 1988Takeovers: Their Causes and Consequences1,325 cited
  • 1990Multimarket Contact and Collusive Behavior1,304 cited
  • 1988The Market for Corporate Control: The Empirical Evidence Since 19801,120 cited
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  • 1983Horizontal mergers, collusion, and stockholder wealth945 cited
  • 1983The rationale behind interfirm tender offers618 cited
  • 1990Hostile Takeovers in the 1980s: The Return to Corporate Specialization491 cited
  • 1994Living by the "Golden Rule": Multimarket Contact in the U. S. Airline Industry425 cited
  • 1986Corporate mergers and security returns353 cited
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  • 1992Fare Determination in Airline Hub-and-Spoke Networks293 cited
  • 2010The Economic Effects of Airline Deregulation221 cited

Cited by

  • 1998Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence From The Banking Industry

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413 cited
  • 1998Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1241 cited
  • 2009Acquisition vs. internal development as modes of market entry227 cited
  • 2008Corporate Takeovers**Surveying the vast area of corporate takeovers is a daunting task, and we have undoubtedly missed many interesting contributions. We apologize to those who feel their research has been left out or improperly characterized, and welcome reactions and comments. Some of the material in Section 3 is also found in Eckbo (2008).220 cited
  • 2005The Impact of Bank Consolidation on Commercial Borrower Welfare206 cited
  • 2010Horizontal acquisitions and buying power: A product market analysis200 cited
  • 2011Emerging Country Cross-Border Acquisitions: Characteristics, Acquirer Returns and Cross-Sectional Determinants198 cited
  • 2011How effective is European merger control?180 cited
  • 2004An Empirical Analysis of Territorial Encroachment Within Franchised and Company-Owned Branded Chains176 cited
  • 2012Airports and airlines economics and policy: An interpretive review of recent research173 cited
  • 1997Privatization and efficiency: Industry effects of the sale of British Airways173 cited
  • 1997The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function169 cited
  • 1997Multimarket contact and pricing: Evidence from the U.S. cement industry156 cited
  • 2012A Comprehensive Review of Multimarket Competition Research152 cited
  • 2012Acquisition announcements and stock market valuations of acquiring firms' rivals: A test of the growth probability hypothesis in China151 cited
  • 2020Strong Employers and Weak Employees150 cited