haku: @indexterm mergers / yhteensä: 2376
viite: 26 / 2376
Tekijä: | Bhattacharyya, S. Nain, A. |
Otsikko: | Horizontal acquisitions and buying power: A product market analysis |
Lehti: | Journal of Financial Economics
2011 : JAN, VOL. 99:1, p. 97-115 |
Asiasana: | products markets mergers |
Vapaa asiasana: | acquisitions takeovers buying power |
Kieli: | eng |
Tiivistelmä: | Horizontal mergers exert price pressure on dependent suppliers, affecting adversely their performance. Concentrated suppliers and those with greater barriers to entry encounter larger price declines after consolidation (here as: cons.) downstream. Time-series results suggest that cons. in dependent supplier industries (as: inds.) follows mergers in main customer inds. Broadly, the findings are consistent with the business community's beliefs about the buying power effecting of horizontal mergers. |
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