European Mergers and Merger Policy
Published on 21. October 1993
Book
Paperback/Softback
376 pages
978-0-19-877346-7 (ISBN)
Description
Europe stands at the start of its first great merger wave. Growing international trade, accelerated by the `Single Market' programme, has seen a sharp increase in mergers across national borders between European-based firms. During the 1990s, this increase in European mergers will almost certainly continue. This book brings together a number of leading economists and authoritative commentators on mergers and merger policy to address a series of questions arising from this situation.
The book itself is a `European' edition of Mergers and Merger Policy edited by James A. Fairburn and John Kay (OUP, 1989). Two chapters (on market structure and performance; and on the evolution of merger policy in Britain) from that book are included here without alteration.
New material
There are entirely new chapters on the European dimension of merger activity, regulation and the European community, and on the options open to European companies. The other chapters have been updated to take account of recent developments.
Contributors: Matthew Bishop, John Kay, Alan Hughes, Mike Wright, Julian Franks, Colin Mayer, Evan Davis, James Fairburn, Paul Geroski, Leslie Hannah, Tassos Vlassopolous, David Thompson, Brian Chiplin, Steve Thompson, Graham Shore
The book itself is a `European' edition of Mergers and Merger Policy edited by James A. Fairburn and John Kay (OUP, 1989). Two chapters (on market structure and performance; and on the evolution of merger policy in Britain) from that book are included here without alteration.
New material
There are entirely new chapters on the European dimension of merger activity, regulation and the European community, and on the options open to European companies. The other chapters have been updated to take account of recent developments.
Contributors: Matthew Bishop, John Kay, Alan Hughes, Mike Wright, Julian Franks, Colin Mayer, Evan Davis, James Fairburn, Paul Geroski, Leslie Hannah, Tassos Vlassopolous, David Thompson, Brian Chiplin, Steve Thompson, Graham Shore
Reviews / Votes
`Very useful text.'D. Angwin, University of Warwick `Up to date details of industrial structure on a European scale. Excellent treatment of theory.'
John Sedgwick, University of North London `Essential reading for all involved in this high risk and potentially extremely expensive business.'
Long Range Planning `Major strength: Fusion of empirical research with economic theory; well written.'
Hans Schenk, Erasmus University `The strength of this book lies in its undogmatic discussion of certain aspects of British capitalism.'
International Affairs `A very good selection of articles. Should prove useful reading to students.'
Dr Tom McGovern, University of Newcastle
More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Illustrations
tables
Dimensions
Height: 233 mm
Width: 117 mm
Thickness: 23 mm
Weight
620 gr
ISBN-13
978-0-19-877346-7 (9780198773467)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Content
Mergers and economic performance in the UK - a survey of the empirical evidence 1950-1990, Alan Hughes; the market for corporate control - divestments and buy-outs, Mike Wright et al; shareholder wealth effects of UK take-overs - implications for merger policy, Julian Franks and Robert Harris; European capital markets and corporate control, Julian Franks and Colin Mayer; corporate governance, take-overs and the role of the non-executive director, Evan Davis and John Kay; the empirical analysis of market structure and performance, James Fairburn and Paul Geroski; the evolution of merger policy in Britain, James Fairburn; free trade in companies - does nationality matter?, Leslie Hannah; European or national? - the Community's new merger regulation, Matthew Bishop; recent patterns of European merger activity, Paul Geroski and Anastassios Vlassopoulos; continental mergers are different, Evan Davis et al. Appendix: the Commission's merger reports.