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| Autor principal: | |
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| Formato: | Artículo científico |
| Lenguaje: | en |
| Publicado: |
Universidade Federal de Minas Gerais
2018
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| Materias: | |
| Acceso en línea: | https://www.redalyc.org/articulo.oa?id=400458236010 https://www.redalyc.org/journal/4004/400458236010/ https://www.redalyc.org/journal/4004/400458236010/html/ https://www.redalyc.org/journal/4004/400458236010/400458236010.epub https://www.redalyc.org/journal/4004/400458236010/movil |
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- Mergin Firms' Strategies and the Merger Paradox José Méndez-Naya Economía y Finanzas fusões estratégias de empresas empresas multidivisionais Taking a model of horizontal mergers as a reference, the purpose of this paper is to qualify the merger paradox by proving that a multidivisional fi rm formed by a merger could be sustainable even though the merger does not involve most of the fi rms in the market. Specifi cally, it is proved that the minimum number of merging fi rms to have a profi table merger, assuming both simultaneous and sequential games, is lower in our model than in the traditional literature. Furthermore, it is proved that, if the multidivisional fi rm sets the number of divisions optimally, the merger is sustainable and less harmful to welfare than in the traditional model. 2018 artículo científico 0103-6351 https://www.redalyc.org/articulo.oa?id=400458236010 https://www.redalyc.org/journal/4004/400458236010/ https://www.redalyc.org/journal/4004/400458236010/html/ https://www.redalyc.org/journal/4004/400458236010/400458236010.epub https://www.redalyc.org/journal/4004/400458236010/movil 10.1590/0103-6351/4155 en http://www.redalyc.org/revista.oa?id=4004 Nova Economia application/pdf Universidade Federal de Minas Gerais Nova Economia (Brasil) Num.3 Vol.28