European Mergers and Merger Policy

by Bishop, Matthew; Kay, John A.

• ISBN13: 9780198773450
• ISBN10: 0198773455
• Format: Hardcover
• Copyright: 1993-12-16
• Publisher: Oxford University Press

Summary

Growing trade in Europe--accelerated by the "Single Market" program--has seen a sharp increase in international mergers between European-based firms. This increase in European mergers will almost certainly continue, raising important questions for industrial policymakers and businessstrategies. This book addresses these questions, bringing together a number of leading economists and authoritative commentators on mergers and merger policy.

Table of Contents

List of Figures
List of Tables
Introduction	p. 1
Mergers and Economic Performance in the UK: A Survey of the Empirical Evidence 1950-1990	p. 9
The Market for Corporate Control: Divestments and Buy-outs	p. 96
Shareholder Wealth Effects of UK Take-overs: Implications for Merger Policy	p. 134
European Capital Markets and Corporate Control	p. 162
Corporate Governance, Take-overs, and the Role of the Non-executive Director	p. 200
The Empirical Analysis of Market Structure and Performance	p. 217
The Evolution of Merger Policy in Britain	p. 239
Free Trade in Companies: Does Nationality Matter?	p. 278
European or National? The Community's New Merger Regulation	p. 294
Recent Patterns of European Merger Activity	p. 318
Continental Mergers are Different	p. 328
Appendix A. The Commission's Merger Reports	p. 348
Index	p. 353
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