Structural factors underlying mergers and acquisitions in liner shipping

Maritime Economics and Logistics

Volumn 11, Issue 2, 2009, Pages 209-226

  Fusillo, Mike ^a  

^a Louis Berger Group Inc   (United States)

Author keywords

Acquisitions; Consolidation; Industry structure; Liner shipping; Mergers; Oligopoly

Indexed keywords

EID: 67650261616     PISSN: 14792931     EISSN: 1479294X     Source Type: Journal    
DOI: 10.1057/mel.2009.3     Document Type: Article

References (18)

1. Andrade, G. and Stafford, E. (2004) Investigating the economic role of mergers. Journal of Corporate Finance 10: 1-36.
2. Andrade, G., Mitchell, M. and Stafford, E. (2001) New evidence and perspectives on mergers. The Journal of Economic Perspectives 15(2): 103-120.
3. Barkoulas, J.T., Baum, C.F. and Chakraborty, A. (2001) Waves and persistence in merger and acquisition activity. Economic Letters 70(2): 237-243.
4. Bernile, G., Lyandres, E. and Zhdanov, A. (2006) A theory of strategic mergers. EFA, Zurich Meetings Paper.
5. Cameron, A.C. and Trivedi, P.K. (1990) Regression-based tests for overdispersion in the poisson model. Journal of Econometrics 46: 347-364.
6. Federal Maritime Commission. (2001) The Impact of the Ocean Shipping Reform Act of 1998. Federal Maritime Commission.
7. Golbe, D. and White, L. (1993) Catch a wave: The time series behavior of mergers. Review of Economics and Statistics 75(3): 493-499.
8. Gort, M. (1969) An economic disturbance theory of mergers. Quarterly Journal of Economics83: 624-642.
9. Gorton, G., Kahl, M. and Rosen, R. (2000) Eat or be eaten: A theory of mergers and merger waves. Wharton School, Working Paper.
10. Goriatchev, S. (2006) Eat or be eaten: The empirical evidence. University of Zurich, Working Paper.
11. Haralambides, H.E. (2004) Determinants of Price and Price Stability in Liner Shipping, Workshop on 'The Industrial Organization of Shipping and Ports', 5-6 March, National University of Singapore, Singapore.
12. Jensen, M. (1993) The modern industrial revolution, exit, and control systems. Journal of Finance48: 831-880.
13. Lam, J.S.L., Yap, W.Y and Cullinane, K. (2007) Structure, conduct and performance on the major liner shipping routes. Maritime Policy and Management 34(4): 359-381.
14. Lambrecht, B.M. (2004) The timing and terms of mergers motivated by economies of scale. Journal of Financial Economics 72(1): 41-62.
15. Maloney, M.T. and Robert, E.M. (1988) Excess capacity, cyclical production, and merger motives: Some evidence from the capital markets. Journal of Law and Economics 31(2): 321-350.
16. Mitchell, M.L. and Mulherin, J.H. (1996) The impact of industry shocks on takeover and restructuring activity. Journal of Financial Economics 41: 193-229.
17. PIERS (Port Import Export Reporting Service). (1995-2005) On Board Review, Various issues.
18. Schoenberg, R. and Richard, R. (1999) What determines acquisition activity within an industry? European Management Journal 17(1): 93-98.