The Effect of Merger Laws on Merger Activity: International Evidence

Abstract

This paper is the first attempt to isolate the direct effect of competition laws on a country's merger activity and indirectly on corporate value. We find that, although the direct relationship between Merger Laws and Tobin's Q is positive and significant, the relationship vanishes once we control for the net cross-border merger flows in a particular… (More)

Topics

10 Figures and Tables

Slides referencing similar topics