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2010
- handle: 10670/1.xhx93a
- halshs: halshs-00537413
info:eu-repo/semantics/OpenAccess
Mots-clés
endogenous mergers game theory literature G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G34 - Mergers • Acquisitions • Restructuring • Corporate Governance L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L11 - Production, Pricing, and Market Structure • Size Distribution of Firms L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L12 - Monopoly • Monopolization Strategies L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L13 - Oligopoly and Other Imperfect MarketsSujets proches
World literature Western literature (Western countries) Belles-lettresCiter ce document
Laurent Granier, « Fusions endogènes : une revue de la littérature », HAL-SHS : économie et finance, ID : 10670/1.xhx93a
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Résumé
This paper analyzes the literature concerning models of endogenous mergers. Traditional models of exogenous mergers analyze mergers as isolated phenomena. However, some empirical facts about M&A don't seem to be explained in this literature. Models of endogenous mergers take into account all interactions created by merger decisions in an industry. By this way, they can give more reliable predictions. In order to better understand the literature, we describe it in two points. First, we investigate models caracteristics. Second, we present the main predictions obtained in the literature.