Working Paper No. 634

Acquisition Strategies: Empirical Evidence of Outsider-Toeholds

Publicerad: January 24, 2005Antal sidor: 29Nyckelord: Acquisition; Antitrust; Insiders’ Dilemma; Mergers; ToeholdsJEL-koder: G34; L12; L13; L41

Acquisition Strategies: Empirical Evidence of Outsider-Toeholds Tobias Lindqvist


Theoretically, cross ownership may mitigate mergers, i.e. market concentrations. Holding a share in a competing firm before the acquisition of another firm, outsider-toehold, is more profitable in some market constellations, due to the positive externality on the outsider (competing) firm when a merger occurs. The purposes of this paper are to empirically observe when US firms buy outsider-toeholds and through event-studies estimate the gains of buyers, outsider firms and competitors when firms holding outsider-toeholds merge.

 

Kollektivavtal och lönebildning i en ny tid

Kollektivavtal-framsida.gif

 Kollektivavtal och lönebildning i en ny tid av Lars Calmfors, Simon Ek och Per Skedinger, IFN, samt Ann-Sofie Kolm, Stockholms universitet, analyseras olika sätt att göra lönebildningen mer flexibel. Analysen utmanar den etablerade synen inom partsorganisationerna på hur lönebildningen bör fungera. 

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