The paper compares the structural characteristics, market conditions, organizational features, strategic behaviour and performance of merged versus non-merged private business establishments in Britain. The results are based on the analysis of the 1990 Workplace Industrial Relations Survey. The following conclusions are reached: merged establishments tend to be rather old, of small to medium size, more likely to be foreign-owned and to be involved in manufacturing. Compared to non-merged establishments they are likely to operate in international and oligopolistic markets, in multi-products and in conglomerate businesses. The merged manufacturing establishments are more likely to have been involved in restructuring strategies and to have cut jobs and achieved productivity gains. More merged establishments declare a below-average financial performance.
Review of Industrial Organization – Springer Journals
Published: Oct 15, 2004
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