What do we conclude from the success and failure of mergers?

Lyons, Bruce R. (2001) What do we conclude from the success and failure of mergers? Journal of Industry, Competition and Trade, 1 (4). pp. 411-422. ISSN 1566-1679

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Abstract

Tichy's review of the evidence presents at best a very mixed picture of the “success” of mergers as a corporate strategy. However, care should be taken not to interpret this as a case for crudely prohibitive competition policy. A simple framework is developed to show that mergers anticipating market changes might not be inappropriate, even when ex post results will appear disappointing. We argue that the competition authorities should protect consumers, and not provide management consultancy on behalf of shareholders. We suggest a more limited reform of the EC Merger Regulation than that proposed by Tichy.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Industrial Economics Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User:	Vishal Gautam
Date Deposited:	01 Dec 2001
Last Modified:	20 Jun 2023 14:43
URI:	https://ueaeprints.uea.ac.uk/id/eprint/16714
DOI:	10.1023/A:1019571026204

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