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Structural Analysis Of Mergers And Acquisitions In The Food Industry

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  • Adams, Wendi L.
  • Love, H. Alan
  • Capps, Oral, Jr.

Abstract

Determinants of merger and acquisition activity in the food industry are analyzed using logit regression analysis. Factors affecting the food processing, food retailing and food service sectors are considered. Results indicate merger and acquisition activity in all three sectors are significantly influenced by antitrust activity, profitability and real gross domestic product.

Suggested Citation

  • Adams, Wendi L. & Love, H. Alan & Capps, Oral, Jr., 1997. "Structural Analysis Of Mergers And Acquisitions In The Food Industry," Journal of Food Distribution Research, Food Distribution Research Society, vol. 28(2), pages 1-13, July.
    • Handle: RePEc:ags:jlofdr:27847
    DOI: 10.22004/ag.econ.27847
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    References listed on IDEAS

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    1. Devra L. Golbe & Lawrence J. White, 1988. "A Time-Series Analysis of Mergers and Acquisitions in the U.S. Economy," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 265-310, National Bureau of Economic Research, Inc.
    2. Bruce W. Marion & Donghwan Kim, 1991. "Concentration change in selected food manufacturing industries: The influence of mergers vs. internal growth," Agribusiness, John Wiley & Sons, Ltd., vol. 7(5), pages 415-431.
    3. Dennis C. Mueller, 1969. "A Theory of Conglomerate Mergers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(4), pages 643-659.
    4. Connor, John M. & Geithman, Frederick E., 1988. "Mergers in the Food Industries: Trends, Motives and Policies," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 3(2), pages 1-4.
    5. Padberg, Daniel I. & Sporleder, Thomas L. & Davis, Ernest E., 1989. "Mergers And The Food Industry Structure," Journal of Food Distribution Research, Food Distribution Research Society, vol. 20(1), pages 1-18, February.
    6. Michael Gort, 1969. "An Economic Disturbance Theory of Mergers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(4), pages 624-642.
    7. Martin K. Perry, 1978. "Price Discrimination and Forward Integration," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 209-217, Spring.
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    Cited by:

    1. Chris Ross, 2011. "A Detailed Analysis of the Productivity Performance of the Canadian Food Manufacturing Subsector," CSLS Research Reports 2011-07, Centre for the Study of Living Standards.
    2. Klimek, Bjørn & Hansen, Henning Otte, 2017. "Food industry structure in Norway and Denmark since the 1990s," Food Policy, Elsevier, vol. 69(C), pages 110-122.
    3. Morganosky, Michelle A. & Cude, Brenda J., 2001. "Why Do Consumers Cross-Shop Between Different Types Of Food Retail Outlets?," Journal of Food Distribution Research, Food Distribution Research Society, vol. 32(3), pages 1-10, November.
    4. Muehlfeld, Katrin & Weitzel, Utz & van Witteloostuijn, Arjen, 2011. "Mergers and acquisitions in the global food processing industry in 1986-2006," Food Policy, Elsevier, vol. 36(4), pages 466-479, August.

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