Strukturwandel durch Fusionen im Ernährungssektor: Ein anhaltender Konzentrationsprozess?

Mergers and acquisitions substantially affect the structure of the German food industry. This study analyses changes in the number of mergers and acquisitions for 21 German industries between 1976 and 1994. The results of an econometric panel data analysis show (a) a high degree of persistence, (b) distinct anti-cyclical fluctuations and a positive trend of merger activities as well as (c) significant effects of industry specific characteristics. Contrary to the available empirical literature the econometric model differentiates between industry characteristics of “acquiring” and “acquired” firms.


Variant title:
Structural change in the food industry by mergers and acquisitions: a persistent process of concentration?
Issue Date:
2001
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 0002-1121 (Other)
PURL Identifier:
http://purl.umn.edu/98904
Published in:
German Journal of Agricultural Economics, Volume 50, Number 6
Page range:
322-330
Total Pages:
9




 Record created 2017-04-01, last modified 2017-08-25

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