id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-292349-r2ljahss	Gudmundsson, Sveinn Vidar	Cost structure effects of horizontal airline mergers and acquisitions	2020-08-27		.txt	text/plain	8884	407	49	We offer support that the ex-post cost structure effects of airline M&As depend on the incentives to improve efficiency, reflected in the ex-ante performance of the merging firms. In the background of this literature, we develop our cost structure arguments taking into account different types of M&As guided by specific conditions surrounding target selection and timing that affect the ex-ante performance disparity of the merging firms and therefore efficiency improvement incentives ex-post. Along these arguments we attempt to reveal evidence supporting our prediction that horizontal M&As involving unprofitable firm(s) have stronger management incentive for efficiency improvement ex-post than if both firms are profitable, which is important for competition policy and relevant to regulators approving mergers.	./cache/cord-292349-r2ljahss.txt	./txt/cord-292349-r2ljahss.txt