haku: @author Mantell, E. H. / yhteensä: 3
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| Tekijä: | Mantell, E. H. |
| Otsikko: | The effect on firm output after its acquisition by a pure conglomerate |
| Lehti: | Journal of Economic Behavior and Organization
1998 : SEP, VOL. 36:4, p. 487-501 |
| Asiasana: | |
| Kieli: | eng |
| Tiivistelmä: | In the paper, the question of whether the optimal output of a competitive firm will be affected is explored in the case it is acquired as an operating subsidiary of a pure conglomerate. The demand curves faced by all the subsidiaries vary randomly. The acquired firm's managers adapt their optimizing behaviour in recognition of the fact that the firm's post-acquisition profits constitute only one locus of contribution to the parent company's aggregate profits. Four propositions are derived; collectively, they establish the conditions that apply to determine the difference btw. the firm's ante-acquisition output and its post-acquisition counterpart. |
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