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- Title
ANTITRUST HOLDUP SOURCE, CROSS-NATIONAL INSTITUTIONAL VARIATION, AND CORPORATE POLITICAL STRATEGY IMPLICATIONS FOR DOMESTIC MERGERS IN A GLOBAL CONTEXT.
- Authors
Clougherty, Joseph A.
- Abstract
Managers are increasingly uncertain over the source (home nation or foreign nation) of antitrust holdup for domestic mergers with significant international implications. I propose a conceptual framework that predicts the source of antitrust holdup for domestic mergers. I find an industry's global competitiveness to be the primary driver behind holdup source. Further, I factor institutional conditions to yield more precise predictions tailored to the cross-national environment for antitrust policy. Exploratory empirical tests based on the merger policies of 27 antitrust jurisdictions over the 1992-2000 period provide support for baseline predictions. Finally, I generate prescriptive propositions that yield implications for effective political strategies.
- Subjects
ANTITRUST law; ANTITRUST law (International law); MERGERS &; acquisitions; INTERNATIONAL competition; INTERNATIONAL trade; COMPARATIVE advantage (International trade); CONGLOMERATE corporation laws; STRATEGIC planning; MANAGEMENT; POLICY analysis
- Publication
Strategic Management Journal (John Wiley & Sons, Inc.) - 1980 to 2009, 2005, Vol 26, Issue 8, p769
- ISSN
0143-2095
- Publication type
Article
- DOI
10.1002/smj.473