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Supply Chain Risk : Changes in Supplier Composition and Vertical Integration

Ersahin, Nuri; Giannetti, Mariassunta; Huang, Ruidi - National Bureau of Economic Research - 2023

Using textual analysis of earnings conference calls, we quantify firms' supply chain risk and its sources. Our proxy for supply chain risk exhibits large cross-sectional and time-series variation that aligns with reasonable priors and is unprecedently high during the Covid-19 pandemic. In...

Persistent link: https://www.econbiz.de/10014250152

United States Steel's Acquisition of the Great Northern Ore Properties : Vertical Foreclosure or Efficient Contractual Governance?

Mullin, Joseph C. - 1996

qualitative evidence to support an alternative view that the lease generated a net efficiency gain, resulting in lower steel …

Persistent link: https://www.econbiz.de/10012473180

Evidence for the Effects of Mergers on Market Power and Efficiency

Blonigen, Bruce A. - 2016

-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …

Persistent link: https://www.econbiz.de/10012455930

Do Mergers and Acquisitions Improve Efficiency? Evidence from Power Plants

Demirer, Mert; Karaduman, Ömer - National Bureau of Economic Research - 2024

effects of acquisitions on efficiency and underlying mechanisms. We find a 2% average increase in efficiency for acquired … plants, beginning five months after acquisitions. Efficiency gains rise to 5% under direct ownership changes, with no … significant change when only parent ownership changes. Investigating the mechanisms, three-quarters of the efficiency gain is …

Persistent link: https://www.econbiz.de/10014635690

Long-term Vertical Contracts, Geography, and the Persistence of Brand Shares

Clark, Robert; Houde, Jean-François; Zhu, Xinrong - National Bureau of Economic Research - 2025

Previous research highlights persistent differences in national brand market shares across regions, driven by geographic consumer preferences and early entry advantages (Bronnenberg et al. 2007, 2009). This study investigates the extent to which long-term vertical contracts can explain the...

Persistent link: https://www.econbiz.de/10015421856

Communication in Vertical Markets : Experimental Evidence

Möllers, Claudia - 2016

When an upstream monopolist supplies several competing downstream firms, it may fail to monopolize the market because it is unable to commit not to behave opportunistically. We build on previous experimental studies of this well-known commitment problem by introducing communication. Allowing the...

Persistent link: https://www.econbiz.de/10012456456

The Welfare Effects of Vertical Integration in Multichannel Television Markets

Crawford, Gregory S. - 2015

distributors in U.S. multichannel television markets. Vertical integration can enhance efficiency by reducing double …

Persistent link: https://www.econbiz.de/10012456839

Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again

Morck, Randall - 2015

Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held free-standing firms by mid- century. In the 1970s and early 1980s - an era of high inflation, financial reversal,...

Persistent link: https://www.econbiz.de/10012456963

Employee Spinouts, Social Networks, and Family Firms

Rauch, James E. - 2013

Recently collected data show that, within any manufacturing industry, vertically integrated firms tend to have larger, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a weak contracting environment characteristic of...

Persistent link: https://www.econbiz.de/10012458936

Upstream Product Market Regulations, ICT, R&D and Productivity

Cette, Gilbert - 2013

Our study aims at assessing the actual importance of the two main channels usually contemplated in the literature through which upstream sector anticompetitive regulations may impact productivity growth: business investments in R&D and in ICT. We thus estimate what are the specific impacts of...

Persistent link: https://www.econbiz.de/10012459134