Showing 1 - 10 of 22
This paper evaluates the incentive of firms to vertically integrate in asimple 2X2 Bertrand model of two substitutes that are each comprised oftwo complementary components. It confirms that all prices fall as aresult of a vertical merger. Further, we find that, when the compositegoods are poor...
Persistent link: https://www.econbiz.de/10009435084
. This paper examines the effect of corporate mergers and acquisitions (M & A) on shareholder value. A discussion on …
Persistent link: https://www.econbiz.de/10009442089
Agro-biotechnology is evolving from a pre-commercial phase dominated by basic research science to a commercial phase oriented around marketing products. In pursuing innovation rents in the commercial phase, firms are reorienting their strategies around complementary marketing and distribution...
Persistent link: https://www.econbiz.de/10009446894
This paper examines a simple model of strategic interactions among firms that face at least some of the same rivals in two related markets (for goods 1 and 2). It shows that when firms compete in quantity, market prices increase as the degree of multi-market contact increases. However, the...
Persistent link: https://www.econbiz.de/10009448073
Theoretical Framework of Information Technology in Alliances and Mergers, describes the central themes of this dissertation … corporate alliances and mergers. This is followed by a theoretical essay, entitled Propositions on the Value of Flexible IT … derive particularly from collaborative corporate alliances or deeply integrative mergers. …
Persistent link: https://www.econbiz.de/10009476581
In the first chapter of this dissertation, entitled “Signaling and Value Creation in Mergers,” I analyze the acquirers … withdrawal. These results suggest that the initial negative stock price reaction in stock mergers is due to a signaling effect …, but that the mergers themselves are positive NPV investments for the acquirers’ shareholders. Analysis of the acquirers …
Persistent link: https://www.econbiz.de/10009477978
aspects of mergers and acquisitions that cause financial synergies are therefore important for the assessment of unilateral …
Persistent link: https://www.econbiz.de/10009449718
This paper examines the relationship between UK accounting firm mergers and increases in profit margins enjoyed by … profit margins. The results confirm Cowling’s hypothesis that mergers lead to increases in profits. This paper complements …
Persistent link: https://www.econbiz.de/10009455070
needed to exploit them effectively may be unknown. Early entry into these scope-expanding activities may have learning … not be too competitive, and could point to a benefit of merging insofar as mergers reduce competition and deepen the banks …
Persistent link: https://www.econbiz.de/10009460365
2004. My results provide support for disturbance theory of mergers, size hypothesis, and inefficient management hypothesis … electricity industry has spawned a new wave of mergers, both raising questions and providing opportunities to examine these … mergers. Third chapter of my dissertation investigates the drivers of electric utility mergers consummated between 1992 and …
Persistent link: https://www.econbiz.de/10009460807