Mergers and Acquisitions and Productivity in the U.S. Meat Products Industries: Evidence from the Micro Data
Mergers and Acquisitions and Productivity in the U.S. Meat Products Industries: Evidence from the Micro Data
复制标题
美国肉类产品行业的并购与生产力：来自微观数据的证据
DOI：
10.1111/j.1467-8276.2006.00882.x
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发表时间：
2006
期刊：
影响因子：
--
通讯作者：
M. Ollinger
中科院分区：
文献类型：
--
作者：
S. Nguyen;M. Ollinger
本文研究了1977 - 1992年美国肉制品行业的并购动机。结果表明，收购的肉类和家禽厂是非常富有成效的合并前，所有，但最大的肉类屠宰和加工厂和所有，但底部的20%的家禽屠宰和加工厂显着提高其生产率的增长在其合并后的时期。这些结果导致的结论是，协同效应和相关的效率是重要的动机并购。
This article investigates the motives for mergers and acquisitions (M&As) in the U.S. meat products industry from 1977 to 1992. Results show that acquired meat and poultry plants were very productive before mergers, and that all but the very largest meat slaughter and processing plants and all but the bottom 20% of the poultry slaughter and processing plants significantly improved their productivity growth in their postmerger periods. These results lead to the conclusion that synergies and related efficiencies are important motives for M&As.