Horizontal acquisitions and buying power: A product market analysis

Horizontal mergers exert price pressure on dependent suppliers and adversely affect their performance. Consistent with the theory of countervailing power, concentrated suppliers and those with greater barriers to entry experience larger price declines after consolidation downstream. Time-series resu...

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Veröffentlicht in:	Journal of financial economics 2011, Vol.99 (1), p.97-115
Hauptverfasser:	Bhattacharyya, Sugato, Nain, Amrita
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions Buying power Consolidation Economic activity Economic concentration Economic theory Horizontal integration Market entry Mergers Purchasing power Studies Take-overs Takeovers Takeovers Mergers Buying power Time series
Online-Zugang:	Volltext
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