The Effects of Mergers. Burcin Yurtoglu University of Vienna Department of Economics. Three sets of consequences of mergers. They can affect the performance of the merging firms such as Profits, growth rates, markets shares, productivity, ...
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University of Vienna
Department of Economics
Profit rate 75-77 = [257 Industry dummies] + 0.68 POOL
- 2.82* PURCH + 0.84 NEW + 1.46 EQUALS + 30.15* SHR - 3.65 HOSTILE - 3.77 WHITE
Adj. R2 = 0.182
N = 2,732
mi 72 = 0.011* + 0.885* mi 50-0.705* Dmi50
R2 = 0.940
D : a dummy variable for acquired firms.
Event Study Methodology:
Agrawal, Jaffe and Mandelker (1992):