Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Acs, Zoltan J. (1996). Small Firms and Economic Growth. In Admiraal (Ed.), pp. 1–62.
Acs, Zoltan J. & Audretsch, David B. (1990) Innovation and Small Firms. Cambridge: MIT Press.
Acs, Zoltan J., Audretsch, David B. & Feldman M.P. (1994). R&D Spillovers and Recipient Firm Size, Review of Economics and Statistics 76(2): 336–340.
Admiraal, Piet Hein (Ed.) (1996). Small Business in the Modern Economy. Oxford: Blackwell.
Augier M., Kreiner K. & March J.G. (2000). Introduction: Some Roots and Branches of Organizational Economics, Industrial and Corporate Change 9(4): 555–565.
Banerjee A.V. (1992). A Simple Model of Herd Behavior, Quarterly Journal of Economics CVII(3):797–817.
Bartel, Jan-Cees, Frederikslust, Ruud van & Schenk, Hans (Eds.) (2002). Mergers and Acquisitions: Fundamental Aspects (in Dutch). Amsterdam: Elsevier
Berger A.N. & Humphrey D.B. (1992). Megamergers in banking and the use of cost efficiency as an antitrust defence, Antitrust Bulletin 37(Fall): 541–600.
Berle A.A. & Means G.C. (1932). The Modern Corporation and Private Property, rev. ed. 1968. New York: Harcourt, Brace, Jovanovich.
Bikhchandani S., Hirshleifer D. & Welch I. (1992). A Theory of Fads, Fashions, Custom, and Cultural Change as Informational Cascades, Journal of Political Economy 100(5): 992–1026.
Bishop, Matthew & Kay, John (Eds.) (1993). European Mergers and Merger Policy. Oxford: Oxford University Press.
Borg J.R., Borg M.O. & Leeth J.D. (1989). The Success of Mergers in the 1920s. A Stock Market Appraisal of the Second Merger Wave, International Journal of Industrial Organization 7(1): 117–131.
Brenner, Reuven (1990). Innovations and Anti-trust. In: Dankbaar, Groenewegen & Schenk (Eds.), 235–257.
Brenner R. (2002). The Boom and the Bubble. The US and the World Economy. London/New York: Verso
Bühner R. (1991). The success of mergers in Germany, International Journal of Industrial Organization 9(4): 513–453.
Bulmash S.B. (2002). A new paradigm: the wealth effect of the stock market on consumption, in a context of interacting bio-systems, Journal of Socio-Economics 31: 75–100.
Carow K., Heron R. & Saxton T. (2004). Do Early Birds Get The Returns? An Empirical Investigation Of Early-mover Advantages In Acquisitions, Strategic Management Journal 25: 563–585.
Chakrabarti A., Hauschildt J. & Süverkrüp C. (1994). Does it pay to acquire technological firms?, R&D Management 24(1): 47–56.
Cyert R.M. & March J.G. (1963). A Behavioral Theory of the Firm, 2nd ed. 1992. Cambridge, MA: Blackwell.
Dankbaar, Ben, Groenewegen, John & Schenk, Hans (Eds.) (1990). Perspectives in Industrial Organization, Studies in Industrial Organization, vol. 13. Dordrecht/Boston/London: Kluwer Academic Publishers.
Dewey D. (1996). Merger Policy Greatly Simplified: Building on Keyes, Review of Industrial Organization 11: 395–400.
Dewing A.S. (1921). A Statistical Test of the Success of Consolidations, Quarterly Journal of Economics 36:84–101.
Dickerson A.P., Gibson H.D. & Tsakalotos E. (1997). The Impact of Acquisitions on Company Performance: Evidence From a Large Panel of UK Firms, Oxford Economic Papers 49: 344–361.
Dickerson A.P., Gibson H.D. & Tsakalotos E. (2003). Is attack the best form of defence? A competing risk analysis of acquisition activity in the UK, Cambridge Journal of Economics 27: 337–357
Dietrich, Michael & Schenk, Hans (1995). Co-Ordination Benefits, Lock-In, and Strategy Bias, Management Report 220, Rotterdam: Rotterdam School of Management, Erasmus University Rotterdam.
DiMaggio P.J. & Powell W.W. (1983). The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields, American Sociological Review 48: 147–160.
Dosi, Giovanni & Marengo L. (1992). Towards a Theory of Organizational Competence, Unpublished Paper.
Elsner, Wolfram & Groenewegen, John (Eds.) (2000). Industrial Policies After 2000, Recent Economic Thought Series. Boston/Dordrecht/London: Kluwer Academic.
FTC, Federal Trade Commission (1997). 1992 Horizontal Merger Guidelines [With April 8, 1997, Revisions to Section 4 on Efficiencies], Washington: Federal Trade Commission (ftc.gov/bc/docs/horizmer.htm).
Greer D.F. (1986). Acquiring in order to avoid acquisition, Antitrust Bulletin Spring: 155–186.
Gugler K., Mueller, Dennis C., Yurtoglu B.B. & Zulehner C. (2003). The effects of mergers: an international comparison, International Journal of Industrial Organization 21: 625–653.
Haspeslagh, Philippe C. & Jemison D.B. (1991). Managing Acquisitions. Creating Value Through Corporate Renewal. New York: Free Press.
Hayward M.L.A. & Hambrick D.C. (1997). Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris, Administrative Science Quarterly 42: 103–127
Hitt M.A., Hoskisson R.E., Ireland R.D. & Harrison J.S. (1991). Effects of Acquisitions on R&D Inputs and Outputs, Academy of Management Journal 34(3): 693–706.
Hodgson, Geoffrey M. (1998). The Approach of Institutional Economics, Journal of Economic Literature XXXVI: 166–192
Hughes, Alan (1993). Mergers and Economic Performance in the UK: A Survey of the Empirical Evidence 1950–1990. In Bishop & Kay (Eds.), 9–95.
Hughes, Alan & Storey D.J. (Eds.) (1995). Finance and the Small Firm, London: Routledge.
Jensen M.C. (1988). Takeovers: Their Causes and Consequences, Journal of Economic Perspectives 2(1):21–48.
Kahneman D. & Tversky A. (1979). Prospect Theory: An Analysis of Decision Making Under Risk, Econometrica 47(2): 263–291.
Karier T. (1993). Beyond Competition. The Economics of Mergers and Monopoly Power. Armonk: M.E. Sharpe.
Kay N. (2000). Searching for the Firm: The Role of Decision in the Economics of Organizations, Industrial and Corporate Change 9(4): 683–707.
Keynes J.M. (1936). The General Theory of Employment, Interest, and Money. London: Macmillan.
Koopmans, Tjalling C. (1957). Three Essays On The State Of Economic Science. New York: McGraw-Hill.
Lazear E.P. (2000). Economic Imperialism, Quarterly Journal of Economics 115: 99–146.
Leibenstein H. (1966). Allocative Efficiency versus X-Efficiency, American Economic Review 56: 392–415.
Loomes G. & Sugden R. (1982). Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty, Economic Journal 92: 805–24.
Malmendier U. & Tate G. (2003). Who Makes Acquisitions? CEO Overconfidence and the Market?s Reaction. Mimeo Stanford University, Graduate School of Business (Draft).
March J.G. (1994). A Primer on Decision Making: How Decisions Happen. New York: Free Press.
Milgrom P & Roberts J. (1992). Economics, Organization and Management. Englewood Cliffs, NJ: Prentice-Hall.
Moeller S.B., Schlingemann F.P. & Stulz R.M. (2003a). Do Shareholders of Acquiring Firms Gain From Acquisitions?, Working Paper 9523, NBER
Moeller S.B., Schlingemann F.P. & Stulz R.M. (2003b). Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave, Working Paper 10200, NBER
Mueller, Dennis C. (1986). Profits in the Long Run. Cambridge/New York: Cambridge University Press.
Mueller, Dennis C. (1997). Merger Policy in the United States: A Reconsideration, Review of Industrial Organization 12: 655–685
Mueller, Dennis C. (1999). On the Economic Decline of Nations. In Mueller, Haid & Weigand (Eds.) (pp. 351–381).
Mueller, Dennis C. (2003). The finance literature on mergers: a critical survey. In Waterson (Ed.) (pp. 161–205).
Mueller, Dennis C., Haid A. & Weigand J. (Eds.) (1999). Competition, Efficiency and Welfare. Essays in Honor of Manfred Neumann. Boston etc.: Kluwer Academic.
Nelson R.R. & Winter S.G. (2002). Evolutionary Theorizing in Economics, Journal of Economic Perspectives 16(2): 23–46.
Nooteboom, Bart & Vossen R.W. (1995). Firm Size and Efficiency in R&D Spending. In Van Witteloostuijn, (Ed.) (pp. 69–86).
North D.C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge MA: Harvard University Press.
Pryor F.L. (2001). Dimensions of the Worldwide Merger Boom, Journal of Economic Issues XXXV(4):825–840.
Raj M. & Forsyth M. (2003). Hubris Amongst U.K. Bidders and Losses to Shareholders, International Journal of Business 8: 1–16.
Ravenscraft D.J. & Scherer, F. Michael (1987). Mergers, Sell-offs, and Economic Efficiency. Washington, D.C.: Brookings Institution.
Rhoades S.A. (1994). A Summary of Merger Performance Studies in Banking, 1980–1993, and an Assessment of the ‘Operating Performance’ and ‘Event Study’ Methodologies, Staff Study 167. Washington, DC: Board of Governors of the Federal Reserve System.
Rhoades S.A. (1998). The efficiency effects of bank mergers: An overview of case studies of nine mergers, Journal of Banking and Finance 22: 273–291.
Roll R. (1986). The Hubris Hypothesis of Corporate Takeovers, Journal of Business 59(2): 197–216.
Rothschild K.W. (2002). The absence of power in contemporary economic theory, Journal of Socio-Economics 31: 433–442.
Savage L.J. (1951). The Theory of Statistical Decision, Journal of the American Statistical Association 46:55–67.
Scharfstein D.S. & Stein, J.C. (1990). Herd Behavior and Investment, American Economic Review 80(3):465–479.
Schelling T. (1960). The Strategy of Conflict. Cambridge Mass: Harvard University Press.
Schenk, Hans (1997). Mergers, Efficient Choice, and International Competitiveness, Mimeo GRASP/Erasmus University Rotterdam.
Schenk, Hans (2000a). The performance of banking mergers: Propositions and policy implications, Background Report, The impact of mergers and acquisitions in Finance (pp. 24–43). Geneva: UNI-Europa.
Schenk, Hans (2000b). Policy Implications of Purely Strategic Mergers. In Elsner & Groenewegen (Eds.) (pp. 199–234).
Schenk, Hans (2001). The Repositioning of Firms (in Dutch). In Hans Schenk (Ed.). The Repositioning of Firms. Pre-Advises to the Royal Dutch Economics Society 2001 (in Dutch) (pp. I–XVII). Utrecht: Lemma.
Schenk, Hans (2002a). Mergers: incidence and trends — an international overview (in Dutch). In Bartel, Van Frederikslust & Schenk (Eds.) (pp. 37–61).
Schenk, Hans (2002b). Economics and strategy of the merger paradox (in Dutch). In Bartel, Van Frederikslust & Schenk (Eds.) (pp. 62–133).
Schenk, Hans, with Warmenhoven, Jean-Paul, Van Velzen, Marco & Van Riel, Cees (1997). The Demise of the Conglomerate Firm (in Dutch), Economisch Statistische Berichten 82(4122): 736–740.
Scherer, F. Michael (1984). Innovation and Growth: Schumpeterian Perspectives. Cambridge, Mass.: MIT Press.
Scherer, F. Michael (1997). Comment on ‘Merger Policy in the United States’, Review of Industrial Organization 12: 687–691.
Scherer, F. Michael & Ross D. (1990). Industrial Market Structure and Economic Performance. Boston: Houghton Mifflin.
Schmidt D.R. & Fowler K.L. (1990). Post-Acquisition Financial Performance and Executive Compensation, Strategic Management Journal 11(7): 559–569.
Simon J.L., Mokhtari M. & Simon D.H. (1996). Are Mergers Beneficial or Detrimental? Evidence from Advertising Agencies, International Journal of the Economics of Business 3(1): 69–82.
Thompson S., Wright, Mike & Robbie K. (1993). Buy-Outs, Divestment, and Leverage: Restructuring Transactions and Corporate Governance, Oxford Review of Economic Policy 8(3): 58–69.
Tichy, Günther (2001). What Do We Know about Success and Failure of Mergers?, Journal of Industry, Competition and Trade 1: 347–394
Van Witteloostuijn, Arjen (Ed.) (1995). Market Evolution. Competition and Cooperation, Studies in Industrial Organization 20, Dordrecht/Boston/London: Kluwer Academic Publishers.
Veblen T.B. (1899). The Theory of the Leisure Class: An Economic Study of Institutions. New York: Macmillan.
Waterson, Michael (Ed.) (2003). Competition, Monopoly and Corporate Governance. Essays in Honour of Keith Cowling. Cheltenham: Edward Elgar.
Waverman, Leonard, Comanor, William S. & Goto A. (Eds.) (1997). Competition Policy in the Global Economy. Modalities for cooperation, London/New York: Routledge.
White L.J. (2002). Trends in Aggregate Concentration in the United States, Journal of Economic Perspectives 16(4): 137–160.
Wright P., Mukherji A. & Kroll M.J. (2001). A re-examination of agency theory assumptions: extensions and extrapolations, Journal of Socio-Economics 30: 413–429.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2005 Springer
About this chapter
Cite this chapter
Schenk, H. (2005). Organisational Economics in an Age of Restructuring, or: How Corporate Strategies Can Harm Your Economy. In: De Gijsel, P., Schenk, H. (eds) Multidisciplinary Economics. Springer, Boston, MA. https://doi.org/10.1007/0-387-26259-8_29
Download citation
DOI: https://doi.org/10.1007/0-387-26259-8_29
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-26258-1
Online ISBN: 978-0-387-26259-8
eBook Packages: Business and EconomicsEconomics and Finance (R0)