NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Winning by Losing: Evidence on the Long-Run Effects of Mergers

Ulrike Malmendier, Enrico Moretti, Florian S. Peters

NBER Working Paper No. 18024
Issued in April 2012

---- Acknowledgements ----

We thank Jeff Zeidel and seminar participants at Amsterdam, Chicago Booth, DePaul, LSE, Luxembourg School of Finance, MIT, NYU, Ohio State University, Princeton, Tinbergen Institute, Yale, and at the AFA, EFA, FIRS, and the NBER Summer Institute for valuable comments. We thank Zach Liscow and Jonas Sobott for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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