GAINS IN VERTICAL ACQUISITIONS AND MARKET POWER: THEORY AND EVIDENCE.

1 June 1991

journal article
Published by Academy of Management in The Academy of Management Journal

Vol. 34 (2) , 436-448
https://doi.org/10.2307/256450

Abstract

This study investigated the factors that can explain the gains resulting from vertical mergers. The findings suggest that acquiring firms gain the most when they come from concentrated markets and target firms come from fragmented markets. The findings also suggest that, on the average, the firms studied increased their market power as a result of mergers.

Keywords

VERTICAL MERGER
CONSOLIDATION & MERGER OF CORPORATIONS
MARKET POWER
ORGANIZATIONAL BEHAVIOR
INTERORGANIZATIONAL RELATIONS
ORGANIZATIONAL CHANGE
STRATEGIC PLANNING
CORPORATIONS -- GROWTH
BUSINESS PLANNING
ORGANIZATIONAL GROWTH

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