Did May Company's Acquisition of Associated Dry Goods Corporation Reduce Competition? An Event Study Analysis

Did May Company's Acquisition of Associated Dry Goods Corporation Reduce Competition? An Event... May Department Store's 1986 acquisition of AssociatedDry Goods substantially increased concentration amongdepartment stores in Denver and Southern California. When this acquisition was announced, department storechains with stores in these areas had higher abnormalreturns than other department store chains. Thisfinding suggests that this acquisition may havereduced competition among department stores sinceinvestors would have bid up the stock price of rivaldepartment stores if they believed that thisacquisition would lead to higher retail prices inDenver and Southern California. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Did May Company's Acquisition of Associated Dry Goods Corporation Reduce Competition? An Event Study Analysis

Loading next page...
 
/lp/springer_journal/did-may-company-s-acquisition-of-associated-dry-goods-corporation-7V0hVmv2cg
Publisher
Springer Journals
Copyright
Copyright © 2001 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007810106970
Publisher site
See Article on Publisher Site

Abstract

May Department Store's 1986 acquisition of AssociatedDry Goods substantially increased concentration amongdepartment stores in Denver and Southern California. When this acquisition was announced, department storechains with stores in these areas had higher abnormalreturns than other department store chains. Thisfinding suggests that this acquisition may havereduced competition among department stores sinceinvestors would have bid up the stock price of rivaldepartment stores if they believed that thisacquisition would lead to higher retail prices inDenver and Southern California.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 3, 2004

References

  • Airport Concentration and Market Power: An Events Study Approach
    Hergott, M.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off