• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • Vis innførsel
  •   Hjem
  • Norges Handelshøyskole
  • Department of Economics
  • Discussion papers (SAM)
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

Mergers and partial ownership

Foros, Øystein; Kind, Hans Jarle; Shaffer, Greg
Working paper
Thumbnail
Åpne
dp2010-1.pdf (260.8Kb)
Permanent lenke
http://hdl.handle.net/11250/163184
Utgivelsesdato
2010-01
Metadata
Vis full innførsel
Samlinger
  • Discussion papers (SAM) [678]
Sammendrag
In this paper we compare the profitability of a merger to the profitability

of a partial ownership arrangement and find that partial ownership arrangements

can be more profitable for the acquiring and acquired firm because they can result

in a greater dampening of competition. We also derive comparative statics on the

prices of the acquiring firm, the acquired firm, and the outside firms. In a dual

context, we show that a cross-majority owner may have incentives to sell a fraction

of the shares in one of the firms he controls to a silent investor who is outside the industry. Aggregate ex post operating profit in the two firms controlled by the cross-majority shareholder then increases, such that both the cross-majority shareholder

and the silent investor will be better off with than without the partial divestiture.
Utgiver
Norwegian School of Economics and Business Administration. Department of Economics
Serie
Discussion paper
2010:1

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit