Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 10, 2023 erstellt
Beschreibung:
The merger notification rule is the premise of enterprise obligations in many jurisdictions. The optimal notification rule shall minimize the total cost due to inappropriate low-thresholds or complex indicators (Type I error) and improper high-thresholds or singular indicators (Type II Error). By analyzing a unique dataset from the Anti-monopoly Bureau of China, we give an overview of China's antitrust practice for the first time. Empirical results demonstrate that current threshold levels are probably too lax, and the Size-of- Transaction indicator has additional prediction power in screening mergers for further review. We further propose a new method of choosing the optimal notification threshold using a receiver operating characteristic curve approach