Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24132 
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dc.contributor.authorHussinger, Katrinen
dc.date.accessioned2009-02-16T14:49:10Z-
dc.date.available2009-02-16T14:49:10Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/24132-
dc.description.abstractIn 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.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x05-41en
dc.subject.jelC25en
dc.subject.jelO34en
dc.subject.jelO32en
dc.subject.jelG34en
dc.subject.ddc330en
dc.subject.keywordM&Aen
dc.subject.keywordTechnological Firm Performanceen
dc.subject.keywordMarket Relatednessen
dc.subject.stwFusionen
dc.subject.stwÜbernahmeen
dc.subject.stwKernkompetenzen
dc.subject.stwTechnologieen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleDid Concentration on Core Competencies Drive Merger and Acquisition Activities in the 1990s? Empirical Evidence for Germany-
dc.typeWorking Paperen
dc.identifier.ppn490476457en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:3284en

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