ログイン
言語:

WEKO3

  • トップ
  • ランキング
To
lat lon distance
To

Field does not validate



インデックスリンク

インデックスツリー

メールアドレスを入力してください。

WEKO

One fine body…

WEKO

One fine body…

アイテム

{"_buckets": {"deposit": "80b3dadb-6fc6-4e3c-90f4-bc7bf3248645"}, "_deposit": {"id": "24703", "owners": [], "pid": {"revision_id": 0, "type": "depid", "value": "24703"}, "status": "published"}, "_oai": {"id": "oai:nagoya.repo.nii.ac.jp:00024703", "sets": ["1078"]}, "author_link": ["73297"], "item_1615768549627": {"attribute_name": "出版タイプ", "attribute_value_mlt": [{"subitem_version_resource": "http://purl.org/coar/version/c_970fb48d4fbd8a85", "subitem_version_type": "VoR"}]}, "item_9_biblio_info_6": {"attribute_name": "書誌情報", "attribute_value_mlt": [{"bibliographicIssueDates": {"bibliographicIssueDate": "2017-07", "bibliographicIssueDateType": "Issued"}, "bibliographicIssueNumber": "E17-4", "bibliographic_titles": [{"bibliographic_title": "Economic Research Center Discussion Paper", "bibliographic_titleLang": "en"}]}]}, "item_9_description_4": {"attribute_name": "抄録", "attribute_value_mlt": [{"subitem_description": "Industrial economists and competition policymakers have traditionally assumed that a horizontal or vertical merger raises involved parties\u0027 joint profits, whereas whether consumers benefit or lose should be judged on a case-by-case basis. However, if a completed merger is not as successful as expected, its observed effects on the retail market may not necessarily be a result of the integrated firm\u0027s anti-competitive conduct. How can one assess whether a merger has achieved its initial objectives? This paper proposes to use two different data sources to empirically argue the possibility of such an unsuccessful merger. First, I use stock market data to provide an event study analysis, and compare PepsiCo\u0027s vertical integraton of two of the its chain bottlers (February 2010) and Coca-Cola\u0027s acquistion of its biggest bottler (October 2010). I argue that the stock market may not have perceived Coca-Cola\u0027s vertical merger as promising as PepsiCo\u0027s vertical merger. Furthermore, the former may have been perceived as helping Dr Pepper Snapple rather than Coca-Cola itself. Secondly, I use retail scanner data to present evidence, based on a difference-in-differences estimation, which shows that Coca-Cola\u0027s retail prices rose by 5% after its vertical merger, suggesting that internal conficts may have been passed through to its final prices.", "subitem_description_language": "en", "subitem_description_type": "Abstract"}]}, "item_9_identifier_60": {"attribute_name": "URI", "attribute_value_mlt": [{"subitem_identifier_type": "HDL", "subitem_identifier_uri": "http://hdl.handle.net/2237/26925"}]}, "item_9_publisher_32": {"attribute_name": "出版者", "attribute_value_mlt": [{"subitem_publisher": "名古屋大学大学院経済学研究科附属国際経済政策研究センター", "subitem_publisher_language": "ja"}]}, "item_9_relation_40": {"attribute_name": "シリーズ", "attribute_value_mlt": [{"subitem_relation_name": [{"subitem_relation_name_text": "E-Series;E17-4"}]}]}, "item_9_select_15": {"attribute_name": "著者版フラグ", "attribute_value_mlt": [{"subitem_select_item": "publisher"}]}, "item_access_right": {"attribute_name": "アクセス権", "attribute_value_mlt": [{"subitem_access_right": "open access", "subitem_access_right_uri": "http://purl.org/coar/access_right/c_abf2"}]}, "item_creator": {"attribute_name": "著者", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "Adachi, Takanori", "creatorNameLang": "en"}], "nameIdentifiers": [{"nameIdentifier": "73297", "nameIdentifierScheme": "WEKO"}]}]}, "item_files": {"attribute_name": "ファイル情報", "attribute_type": "file", "attribute_value_mlt": [{"accessrole": "open_date", "date": [{"dateType": "Available", "dateValue": "2018-02-22"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "E17-4.pdf", "filesize": [{"value": "256.7 kB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_note", "mimetype": "application/pdf", "size": 256700.0, "url": {"label": "E17-4.pdf", "objectType": "fulltext", "url": "https://nagoya.repo.nii.ac.jp/record/24703/files/E17-4.pdf"}, "version_id": "a2623635-3e51-4e49-92b0-29994de59f50"}]}, "item_keyword": {"attribute_name": "キーワード", "attribute_value_mlt": [{"subitem_subject": "Mergers", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Vertical Integration", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Event Study Analysis", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Difference-in-Differences Estimation", "subitem_subject_scheme": "Other"}]}, "item_language": {"attribute_name": "言語", "attribute_value_mlt": [{"subitem_language": "eng"}]}, "item_resource_type": {"attribute_name": "資源タイプ", "attribute_value_mlt": [{"resourcetype": "departmental bulletin paper", "resourceuri": "http://purl.org/coar/resource_type/c_6501"}]}, "item_title": "On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data", "item_titles": {"attribute_name": "タイトル", "attribute_value_mlt": [{"subitem_title": "On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data", "subitem_title_language": "en"}]}, "item_type_id": "9", "owner": "1", "path": ["1078"], "permalink_uri": "http://hdl.handle.net/2237/26925", "pubdate": {"attribute_name": "PubDate", "attribute_value": "2017-08-29"}, "publish_date": "2017-08-29", "publish_status": "0", "recid": "24703", "relation": {}, "relation_version_is_last": true, "title": ["On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data"], "weko_shared_id": -1}
  1. A450 国際経済政策研究センター
  2. A450b 紀要
  3. Economic Research Center Discussion Paper E-Series

On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data

http://hdl.handle.net/2237/26925
http://hdl.handle.net/2237/26925
4c61d386-ce04-411d-9ebc-606c10fb2f4e
名前 / ファイル ライセンス アクション
E17-4.pdf E17-4.pdf (256.7 kB)
Item type 紀要論文 / Departmental Bulletin Paper(1)
公開日 2017-08-29
タイトル
タイトル On the Possibility of an Unsuccessful Merger : Implications from Stock Market and Retail Scanner Data
言語 en
著者 Adachi, Takanori

× Adachi, Takanori

WEKO 73297

en Adachi, Takanori

Search repository
アクセス権
アクセス権 open access
アクセス権URI http://purl.org/coar/access_right/c_abf2
キーワード
主題Scheme Other
主題 Mergers
キーワード
主題Scheme Other
主題 Vertical Integration
キーワード
主題Scheme Other
主題 Event Study Analysis
キーワード
主題Scheme Other
主題 Difference-in-Differences Estimation
抄録
内容記述 Industrial economists and competition policymakers have traditionally assumed that a horizontal or vertical merger raises involved parties' joint profits, whereas whether consumers benefit or lose should be judged on a case-by-case basis. However, if a completed merger is not as successful as expected, its observed effects on the retail market may not necessarily be a result of the integrated firm's anti-competitive conduct. How can one assess whether a merger has achieved its initial objectives? This paper proposes to use two different data sources to empirically argue the possibility of such an unsuccessful merger. First, I use stock market data to provide an event study analysis, and compare PepsiCo's vertical integraton of two of the its chain bottlers (February 2010) and Coca-Cola's acquistion of its biggest bottler (October 2010). I argue that the stock market may not have perceived Coca-Cola's vertical merger as promising as PepsiCo's vertical merger. Furthermore, the former may have been perceived as helping Dr Pepper Snapple rather than Coca-Cola itself. Secondly, I use retail scanner data to present evidence, based on a difference-in-differences estimation, which shows that Coca-Cola's retail prices rose by 5% after its vertical merger, suggesting that internal conficts may have been passed through to its final prices.
言語 en
内容記述タイプ Abstract
出版者
言語 ja
出版者 名古屋大学大学院経済学研究科附属国際経済政策研究センター
言語
言語 eng
資源タイプ
資源 http://purl.org/coar/resource_type/c_6501
タイプ departmental bulletin paper
出版タイプ
出版タイプ VoR
出版タイプResource http://purl.org/coar/version/c_970fb48d4fbd8a85
書誌情報 en : Economic Research Center Discussion Paper

号 E17-4, 発行日 2017-07
著者版フラグ
値 publisher
シリーズ
関連名称 E-Series;E17-4
URI
識別子 http://hdl.handle.net/2237/26925
識別子タイプ HDL
戻る
0
views
See details
Views

Versions

Ver.1 2021-03-01 13:56:04.228724
Show All versions

Share

Mendeley Twitter Facebook Print Addthis

Cite as

エクスポート

OAI-PMH
  • OAI-PMH JPCOAR
  • OAI-PMH DublinCore
  • OAI-PMH DDI
Other Formats
  • JSON
  • BIBTEX

Confirm


Powered by WEKO3


Powered by WEKO3