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| Tekijä: | Gugler, K. (et al.) |
| Otsikko: | The effects of mergers: an international comparison |
| Lehti: | International Journal of Industrial Organization
2003 : MAY, VOL. 21:5, p. 625-653 |
| Asiasana: | Mergers Company performance Trading companies Country comparisons |
| Vapaa asiasana: | Acquisitions |
| Kieli: | eng |
| Tiivistelmä: | The results show that mergers on average do result in significant increases in profits, but reduce the sales of the merging firms. Conglomerate mergers decrease sales more than horizontal mergers. The results suggest that those mergers that decrease profits and efficiency account for a large proportion. However, the authors can also identify mergers that increase profits by either increasing market power or by increasing efficiency. |
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