Gugler, Klaus, Szücs, Florian. 2016. Merger externalities in oligopolistic markets. International Journal of Industrial Organization 47, 230-254.


BibTeX

@ARTICLE{Gugler2016,
title = {Merger externalities in oligopolistic markets},
author = {Klaus Gugler and Florian Szücs},
year = {2016},
doi = {http://dx.doi.org/10.1016/j.ijindorg.2016.05.003},
url = {http://www.sciencedirect.com/science/article/pii/S0167718716300364},
volume = {47},
language = {EN},
pages = {230-254},
journal = {International Journal of Industrial Organization},
abstract = {We evaluate the external effects of 183 large mergers at the market level by assessing the impact on the main competitors of the merging firms. Using synthetic control groups and difference in difference estimation, we find that the return on assets of rival firms increases significantly after a merger. The size of the effect varies strongly with market characteristics and the intensity of competition. },
}

Abstract

We evaluate the external effects of 183 large mergers at the market level by assessing the impact on the main competitors of the merging firms. Using synthetic control groups and difference in difference estimation, we find that the return on assets of rival firms increases significantly after a merger. The size of the effect varies strongly with market characteristics and the intensity of competition.

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal International Journal of Industrial Organization
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-B, VW-B, WH-B
Language English
Title Merger externalities in oligopolistic markets
Volume 47
Year 2016
Page from 230
Page to 254
Reviewed? Y
URL http://www.sciencedirect.com/science/article/pii/S0167718716300364
DOI http://dx.doi.org/10.1016/j.ijindorg.2016.05.003
JEL JEL L13, L40, G34

Associations

People
Gugler, Klaus (Details)
Szücs, Florian (Details)
Organization
Economics DP (Details)
Quantitative Economics IN (Details)
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