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Competition and corporate control in partial ownership acquisitions

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  • Stühmeier, Torben

Abstract

Competition authorities have a growing interest in assessing the effects of partial ownership arrangements. We show that the effects of such agreements on competition and welfare depend on the intensity of competition in the market and on the firms' governance structure. When assessing the effects of partial ownership, competition policy has to consider both the financial interest and level of control of the acquiring firm in the target firm.

Suggested Citation

  • Stühmeier, Torben, 2016. "Competition and corporate control in partial ownership acquisitions," DICE Discussion Papers 211, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    • Handle: RePEc:zbw:dicedp:211
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    References listed on IDEAS

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    1. Foros, Øystein & Jarle Kind, Hans & Shaffer, Greg, 2011. "Mergers and partial ownership," European Economic Review, Elsevier, vol. 55(7), pages 916-926.
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    More about this item

    Keywords

    corporate control; merger; partial acquisition;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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