ppt课件-theeffectsofmergers-homepage-adressbuch-zentraler.pptVIP

The Effects of Mergers Burcin Yurtoglu University of Vienna Department of Economics Three sets of consequences of mergers They can affect the performance of the merging firms such as Profits, growth rates, markets shares, productivity, ... They can affect industry and aggregate concentration levels. They can affect social welfare As a result of (1) and (2) Profitability Major Studies Ravenscraft and Scherer (1987) analyze 6000 mergers between 1950 and 1977. Meeks (1977) 1000 mergers after WW II in the UK. Gugler, Mueller, Yurtoglu, and Zulehner (2003) analyze 2753 mergers from around the