Mergers and Acquisitions and Productivity in the U.S. Meat Products Industries: Evidence from the Micro Data
This article investigates the motives for mergers and acquisitions (M&As) in the U.S. meat products industry from 1977 to 1992. Results show that acquired meat and poultry plants were very productive before mergers, and that all but the very largest meat slaughter and processing plants and all but the bottom 20% of the poultry slaughter and processing plants significantly improved their productivity growth in their postmerger periods. These results lead to the conclusion that synergies and related efficiencies are important motives for M&As. Copyright 2006 American Agricultural Economics Association.
Year of publication: |
2006
|
---|---|
Authors: | Nguyen, Sang V. ; Ollinger, Michael |
Published in: |
American Journal of Agricultural Economics. - American Agricultural Economics Association. - Vol. 88.2006, 3, p. 606-616
|
Publisher: |
American Agricultural Economics Association |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Food industry mergers and acquisitions lead to higher labor productivity
Ollinger, Michael, (2006)
-
Structural change in the meat, poultry, dairy, and grain processing industries
Ollinger, Michael, (2005)
-
Effect of food industry mergers and acquisitions on employment and wages
Ollinger, Michael, (2005)
- More ...