کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957626 928539 2008 30 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Mergers and the market for organization capital
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Mergers and the market for organization capital
چکیده انگلیسی
In this paper, mergers are an equilibrium outcome in which acquirers “marry” targets so as to gain access to their organization capital. Firms with lower learning costs about the new technology are not necessarily those that manage it best once it is mature. Since there are gains from trade, a market for organization capital can arise through mergers. This model generates a merger wave after a shock to technology and is consistent with several other stylized facts on mergers documented in the literature.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 138, Issue 1, January 2008, Pages 71-100
نویسندگان
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