研討日期

2010年10月16日上午10:00 ~ 13:00

研討地點

台大社會科學院電化教室

討論題目

題目

作者

文獻出處

International Mergers: Incentives and
Welfare

 

 

Larry D. Qiu,

 

 Wen Zhou

 

 

Journal of International Economics

2006

報告人

王佳琪

參加人員

黃鴻、王光正、吳芝文、梁文榮、張民忠、許淑媖、彭正浩、曹古駒、劉亮君、莊復賢、徐靖、高國峯、周品旭、王佳琪、王羿傑、丁虹仁、周冰瑤、施姵全

討論提要

International mergers (or cross-border mergers) have recently become profuse. There is a sizable literature in industrial organization studies examining the profitability of mergers under various conditions. However, theses studies, except a few, provide no particular explanations for international mergers. The purpose of this paper is to provide a new explanation for international mergers in terms of information sharing.

 

結論

●          Information asymmetry creates incentives for firms from different countries to merge.

●          The foreign firm and a domestic firm always want to share information, but output coordination is not always profitable, depending on the extent of product differentiation.

●          When demand uncertainty is large (small) and market competition is intense (weak), international mergers should be encouraged (discouraged).

備註