Did tough antitrust enforcement cause the diversification of American corporations?

Journal of Financial and Quantitative Analysis

Volumn 31, Issue 2, 1996, Pages 283-294

  Matsusaka, John G ^a  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030533938     PISSN: 00221090     EISSN: None     Source Type: Journal    
DOI: 10.2307/2331183     Document Type: Article

References (20)

1. Baker, G. P. "Beatrice: A Study in the Creation and Destruction of Value." Journal of Finance, 47 (July 1992), 1081-1119.
2. Baldwin, J., and P. Gorecki. "Mergers and the Competitive Process." Queen's Univ. and Economic Council of Canada (1990).
3. Blair, M. M.; S. J. Lane; and M. A. Schary. "Patterns of Corporate Restructuring." Brookings Institution Discussion Paper (Jan. 1991).
4. Blair, R. D., and D. L. Kaserman. Antitrust Economics. Homewood, IL: Richard D. Irwin, Inc. (1985).
5. Chandler, A. D., Jr. Scale and Scope: The Dynamics of Industrial Capitalism. Cambridge, MA: Belknap Press of Harvard Univ. Press (1990).
6. _. "The Functions of the HQ Unit in the Multibusiness Firm." Strategic Management Journal, 12 (Winter 1991), 31-50.
7. 1m^Comment, R., and G. A. Jarrell. "Corporate Focus and Stock Returns." Journal of Financial Economics, 37 (Jan. 1995), 67-87.
8. Goudie, A. W., and G. Meeks. "Diversification by Merger." Economica, 49 (Nov. 1982), 441-459.
9. Lévy-Leboyer, M. "The Large Corporation in Modern France." In Managerial Hierarchies: Comparative Perspectives on the Rise of the Modern Industrial Enterprise. Alfred D. Chandler, Jr., and Herman Daems, eds. Cambridge, MA: Harvard Univ. Press (1980).
10. Matsusaka, J. G. "Target Profits and Managerial Discipline during the Conglomerate Merger Wave." Journal of Industrial Economics, 41 (June 1993a), 179-189.
11. _. "Takeover Motives during the Conglomerate Merger Wave. RAND Journal of Economics, 24 (Autumn 1993b), 357-379.
12. McGuckin, R. H.; S. V. Nguyen; and S. H. Andrews. "The Relationship among Acquiring and Acquired Firms' Product Lines." Journal of Law and Economics, 34 (Oct. 1991), 477-502.
13. Organisation for Economic Co-operation and Development (Report of the Committee of Experts on Restrictive Business Practices). Mergers and Competition Policy. Paris, France: OECD (1974).
14. Posner, R. A. Antitrust: Cases, Economic Notes, and Other Materials. St. Paul, MN: West Publishing Co. (1974).
15. Ravenscraft, D. J., and F. M. Scherer. Mergers, Sell-offs, and Economic Efficiency. Washington, D.C.: Brookings Institution (1987).
16. Ritz, P. M. "The Input-Output Structure of the U.S. Economy, 1972." Survey of Current Business, 59 (Feb. 1979), 34-71.
17. Scherer, F. M. Industrial Market Structure and Economic Performance, second ed. Chicago, IL: Rand McNally College Publishing Co. (1980).
18. Shleifer, A., and R. W. Vishny. "The Takeover Wave of the 1980s." Journal of Applied Corporate Finance,'3 (Fall 1991), 49-56.
19. Sobel, R. The Rise and Fall of the Conglomerate Kings. New York, NY: Stein and Day (1984).
20. Stigler, G. J. "The Economic Effects of the Antitrust Laws." Journal of Law and Economics, 9 (Oct. 1966), 225-258.