The Use of Stock Market Returns in Antitrust Analysis of Mergers
One of the most promising recent innovations in merger analysis has been the attempt to predict the effects of horizontal mergers by examining the share prices of the rivals to the merging firms. In this paper we describe the standard procedure, discuss some of the major criticisms of that procedure...
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| Veröffentlicht in: | Review of industrial organization 1992-01, Vol.7 (1), p.1-11 |
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| container_title | Review of industrial organization |
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| creator | McGUCKIN, ROBERT H. WARREN-BOULTON, FREDRICK R. WALDSTEIN, PETER |
| description | One of the most promising recent innovations in merger analysis has been the attempt to predict the effects of horizontal mergers by examining the share prices of the rivals to the merging firms. In this paper we describe the standard procedure, discuss some of the major criticisms of that procedure, and propose a modification, apply it to a sample of recent mergers, contrast the results with those from the standard procedure, and discuss the appropriate uses and remaining limitations of the model for antitrust analysis. |
| doi_str_mv | 10.1007/BF00354842 |
| format | Article |
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In this paper we describe the standard procedure, discuss some of the major criticisms of that procedure, and propose a modification, apply it to a sample of recent mergers, contrast the results with those from the standard procedure, and discuss the appropriate uses and remaining limitations of the model for antitrust analysis.</abstract><pub>Kluwer Academic Publishers</pub><doi>10.1007/BF00354842</doi><tpages>11</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0889-938X |
| ispartof | Review of industrial organization, 1992-01, Vol.7 (1), p.1-11 |
| issn | 0889-938X 1573-7160 |
| language | eng |
| recordid | cdi_crossref_primary_10_1007_BF00354842 |
| source | EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; SpringerLink Journals - AutoHoldings |
| subjects | Antitrust Business structures Collusion Efficient markets Horizontal mergers Market power Market prices Steel industry Steels Stock prices |
| title | The Use of Stock Market Returns in Antitrust Analysis of Mergers |
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