We analyze whether merger policy will be used to create global players, i.e. firms that are more competitive in world markets. In a model where firms in two countries serve their respective domestic markets plus a world market, we consider when a cost-reducing merger will be beneficial for the firms, the home country, and the world as a whole. National merger policies will generally be too rest...

An increasing form of software evolution is software merge – when two or more software systems are being merged. The reason may be to achieve new integrated functions, but also remove duplication of services, code, data, etc. This situation might occur as systems are evolved in-house, or after a company acquisition or merger. One potential solution is to merge the systems by taking components f...

Autogrill Belgium, part of the world’s largest provider of catering services to travellers, drifted into an extremely worrisome position in 2006. They had just gone through a merger, were experiencing cut-throat financial difficulties and appeared unable to adequately respond to a changing market context. The case follows COO Mario Orinx and CSOO Stan Monheim over a period of 8 years as they le...

In the first chapter, I investigate a merger between price-setting newsvendors in an oligopolistic market. It is well-known that inventory pooling can greatly reduce inventory costs in a centralized distribution system because it helps reduce aggregate demand uncertainty. Although such statistical economies of scale are important benefits of a retail merger, the extant literature models cost sa...

We consider firms perfectly symmetrical on production costs in the pre-merger game but the cost of the merged entity may be amended due to the anti-competitive effects of the merger. The lack of empirical precision concerning the effect of the merger on production costs (Scherer, 1980 or Tichy, 2002) justifies our theoretical model in which we do not specify a priori the exact production cost i...

This paper explores the incentives of a market leader in undertaking merger and acquisition (M&A) of its bankrupt rival firm under financial crisis in an oligopoly model of vertical product differentiation with heterogeneous consumers. I find that, such an M&A only arises if there are cost cutting benefits; else, the market leader would optimally behave like a natural monopoly. I also find that...

In the past 10–15 years, innovations in hydraulic fracturing and horizontal drilling have fueled a boom in the production of natural gas from geological formations that were previously unprofitable. The rapid deployment of fracking has been accompanied by concerns about negative externalities. In response, a regulatory regime has emerged that requires disclosure of chemical additives, but prese...

Introduction This paper presents the results of an empirical study into the type of top executive put in charge to manage an acquired company. Top executives have a critical role to play postacquisition as they are vital for re-establishing strategic leadership (1) and have a key influence upon Merger and Acquisition (“M&A”) performance (2). However many empirical studies show that there are si...

Corporate mergers, global markets, reduced willingness to relocate, and the increased need to reorganize and respond dynamically – we are entering an era of distributed organizations and groups. New technologies are needed that enable distributed teams to work as though virtually collocated. This case study examines how one such technology, desktop conferencing with application sharing, is used...

Companies need to develop an appropriate strategy in order maintain its presence and improve performance. One attempt become a large company strong is implement the of restructuring. The emergence free market era has impact on increasingly fierce corporate business competition. This condition spurred people pay attention pursued. In fact, continues formulate perfect win realignment restructurin...