Industry Structure and Horizontal Takeovers: Analysis of Wealth Effects on Rivals, Suppliers, and Corporate Customers

By Husayn K. Shahrur. 2005

366 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/2375481eff2cf4b118de33aeccd8d799a71fe909

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Citations in the corpus

Dancing with a Giant: The Effect of Wal-Mart's Entry into the United Kingdom on the Performance of European Retailers (2008, background): “Moreover, the arrival of Wal-Mart might be viewed as a prelude to Europe-wide retail productivity increases and cost decreases, similar to those in the United States (Johnson 2002; Shahrur 2005).”
The effect of major customer concentration on firm profitability: competitive or collaborative? (2018, positive): “In the finance literature, researchers have focused on the effects of horizontal mergers in the customers’ industry (Fee and Thomas 2004; Shahrur 2005; Bhattacharyya and Nain 2011).”
Bargaining power and industry dependence in mergers (2012, background): “More generally, my paper contributes to two topics of growing research interest: the relationship between the negotiation process and the outcomes of mergers (Hotchkiss, Qian, and Song, 2005; Boone and Mulherin, 2006; Povel and Singh, 2006, Officer 2003, 2004) and the impact of product market intera”
The Importance of Industry Links in Merger Waves (2012, positive): “Fee and Thomas (2004) and Shahrur (2005) use vertical relations to test the effects of horizontal mergers on market power, building from Eckbo (1983) and Stillman (1983).”
Corporate Capital Structure and the Characteristics of Suppliers and Customers (2007, neutral): “…variables We rely on two data sources, the Use table of the benchmark input-output (IO) accounts for the US economy and the Compustat database, to construct the supplier and customer industry variables described above (see Fan and Lang, 2000; Shahrur, 2005 for recent papers that use this data set).”
How Effective is European Merger Control (2011, positive): “26 Fee and Thomas (2004) and Shahrur (2005) propose using information on corporate customers to refine the Eckbo and Stillman methodology adopted by DNR (2007).”
Corporate Innovation Along the Supply Chain (2018, neutral): “…literature examines how corporate financing and investment decisions affect supply-chain relationships, such as anti-takeover measures (Cen et al. 2015b), mergers and acquisitions (Fee and Thomas 2004, Shahrur 2005), cross ownership (Fee et al. 2006), and financial distress (Hertzel et al. 2008).”
Is European M&A regulation protectionist? (2007, neutral): “Shahrur (2005) examines the impact of horizontal mergers and takeovers on suppliers and customers.”
Inter-Firm Linkages and the Wealth Effects of Financial Distress Along the Supply Chain (2008, neutral): “” 4 Titman (1984) argues that the price a firm can charge for a product that may need future servicing or spare parts will fall as the likelihood of bankruptcy and liquidation increases.”
Common ownership and competition in product markets (2021, neutral): “Thus, it does not appear as if greater common ownership of an industry generally results in greater bargaining power with suppliers as has been documented for horizontal mergers, e.g., see Fee and Thomas (2004), Shahrur (2005), and Bhattacharyya and Nain (2011).”
Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap? (2014, neutral): “Authors in this strand of literature have studied trade credit (Petersen and Rajan 1997), acquisitions (Fee and Thomas 2004; Shahrur 2005; Shenoy 2012), and capital structure (Kale and Shahrur 2007).”
Friend or foe: Customer-supplier relationships and innovation (2017, neutral): “…(Hui, Klasa, & Yeung, 2012), mergers and acquisitions (Ahern, 2012; Ahern &Harford, 2014; Bhattacharyya &Nain, 2011; Fee & Thomas, 2004; Shahrur, 2005), return predictability (Cohen & Frazzini, 2008), information spillover (Boone & Ivanov, 2012; Hertzel, Li, Officer, & Rodgers, 2008),…”
The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research (2009, neutral): “…(Tookes 2008), idiosyncratic stock return volatility (Gaspar and Massa 2006), mergers and acquisitions (Song and Walkling 2000; Fee and Thomas 2004; Shahrur 2005), corporate governance (DeFond and Park 1999; Engel, Hayes, and Wang 2003; Rennie 2006; Karuna 2007), capital structure (Lang and Stulz…”