Effects of Horizontal Merger on the Profits of Supply Chain and Its Members
-
摘要: 研究了在Cournot市场竞争条件下,生产企业的横向并购对于上游供应商和整条供应链利润的影响,以及供应链权力配置在并购中的效应.算例表明,横向并购后的供应链及其各成员企业的绩效,除了受到参与并购的企业数量影响,还受到供应链权力配置的影响.供应商的垄断力越大,并购后获得的利润越大.生产企业在供应链的地位随并购企业数量增加而增加,抵消了由于供应商垄断力增加的影响.Abstract: The influences of horizontal merger on upper suppliers and the profit of the whole supply chain were investigated,and the effects of the power structure within a supply chain during horizontal merger were analyzed.It was assumed that the merger was under Cournot competition.An example shows that the profit of a supply chain,as well as the members in the supply chain,depends on both the number of manufacturers taking part in the merger and the power structure of the supply chain.The larger the powers of suppliers are,the more profit they can obtain after merger.The status of manufacturers improves with an increase in the number of enterprises taking part in the merger,which counteracts the effect of increase in the power of supplies.
-
Key words:
- horizontal merger /
- supply chain /
- effects /
- profit /
- supplier /
- manufacturer
-
威斯通,郑光,苏珊.兼并·重组与公司控制[M].北京:经济科学出版社,1999.13-20.[2] Donald E.Characteristics of merging firms[J].Journal of Economics and business,2000,52(4):423-433.[3] 刘丽文.供应链管理思想及其理论和方法的发展过程[J].管理科学学报,2003,6(2):81-48.Liu L W.Survey on evolution of SCM theory and methods[J].Journal of Management Sciences in China,2003,6(2):81-88.[4] 马士华,林勇,陈志祥.供应链管理[M].北京:机械工业出版社,2000.23-29.[5] Salant S,Switzer S,Reynolds R J.Losses from horizontal merger:the effects of an exogenous change in industy structure on cournot nash equilibriun[J].Quarterly Journal of Economics,1983,48(5):185-199.[6] Coumot A.Researches into the mathematical principles of the theory of wealth[M].New York:Macmillan,1927.350-380.[7] Perry M,Porter R.Oligopoly and the incentives for horizontal merger[J].American Economic Review,1985,75 (2):219-227.[8] Fauli R.On merger profitability in a cournot setting[J].Economics Letters,1997,54(1):75-79.[9] Hotelling H.Stability in competition[J].Economic Journal,1929,39 (1):41-57. -
点击查看大图
计量
- 文章访问数: 1315
- HTML全文浏览量: 77
- PDF下载量: 298
- 被引次数: 0
下载: