The economic impact of merger control legislation
Research, Article, Preprint
- Publisher: Goethe University, Center for Financial Studies (CFS) Frankfurt a. M.
Welt | Legal Institutions | Bankenpolitik | Department of Banking and Finance | merger control | G21 | Recht | Mergers and Acquisitions | Fusionskontrolle | G28 | financial regulation; legal institutions; merger control | D4 | Übernahme | Bank | 330 Economics | Financial Regulation | Mergers and Acquisitions,Competition Policy,Legal Institutions,Financial Regulation | Competition Policy
We construct a unique dataset of legislative reforms in merger control legislation that occurred in nineteen industrial countries in the period 1987-2004, and investigate the economic impact of these changes on stock prices. In line with the hypothesis that merger contr...