The Effect of EU Antitrust Investigations and Fines on a Firm's Valuation

EU antitrust investigations involve a sequence of events which affect the investigated firm's market value. We model these relationships and estimate their impact on firms' share prices. On average, a surprise inspection reduces a firm's share price by 2.89%, an infringement decision...

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Veröffentlicht in:	The Journal of industrial economics 2013-06, Vol.61 (2), p.290-338
Hauptverfasser:	Aguzzoni, Luca, Langus, Gregor, Motta, Massimo
Format:	Artikel
Sprache:	eng
Schlagworte:	Antitrust Antitrust laws EU directives Fines & penalties Impact analysis Market value Stock prices Studies
Online-Zugang:	Volltext
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