@techreport{Hussinger2005Concentration,
abstract = {In the context of increasing globalization of markets, merger and acquisition activities
in the 1990s are said to be driven by reorganization processes with respect
to concentration on firms? core competencies in order to increase or maintain market
power in international markets. This paper empirically investigates a sample
of German domestic mergers in the 1990s to detect the impact of technology and
market relatedness on the choice of the merging partner. Results from a conditional
logit model show that firms prefer a merging partner within the same industry and
with a related technological profile. These findings approve the hypothesis that
mergers in the 1990s were undertaken to concentrate on core competencies.},
address = {Mannheim},
author = {Katrin Hussinger},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C25; O34; O32; G34; 330; M&A; Technological Firm Performance; Market Relatedness; Fusion; \"{U}bernahme; Kernkompetenz; Technologie; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {05-41},
publisher = {Zentrum f\"{u}r Europ\"{a}ische Wirtschaftsforschung (ZEW)},
title = {Did Concentration on Core Competencies Drive Merger and Acquisition Activities in the 1990s? Empirical Evidence for Germany},
type = {ZEW Discussion Papers},
url = {http://hdl.handle.net/10419/24132},
year = {2005}
}
