An empirical investigation of the mergers decision process in Australia

Breunig, Robert and Menezes, Flavio (2008). An empirical investigation of the mergers decision process in Australia. Discussion Paper Series Discussion Paper No. 382, UQ School of Economics, The University of Queensland.

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Author Breunig, Robert
Menezes, Flavio
Title An empirical investigation of the mergers decision process in Australia
School, Department or Centre UQ School of Economics
Institution The University of Queensland
Series Discussion Paper Series
Report Number Discussion Paper No. 382
Publication date 2008-12
Publisher The University of Queensland, School of Economics
Start page 1
End page 22
Total pages 22
Language eng
Subject 14 Economics
Abstract/Summary In this paper wee examine a database assembled from an Australian public register of 553 merger decisions taken between March 2004 ad July 2008. Mergers may be accepted without public assessment, accepted in conjunction with publication of a Public Competition Assessment, or rejected. We estimate an ordered probit model,using these three possible outcomes, with the objective of gaining better in major findings are: (i)the existence of entry barriers and the existence of undertakings are highly correlated with the regulator's decision to closely scrutinise a merger proposal; and (ii) if we compare two decisions, one which does not mention entry barriers (or import competition) with a decision that does mention entry barriers (or import competition), then the latter is significantly more likely to be opposed than the former.
Keyword merger decisions process
Australia

Document type: Working Paper
Collection: Discussion Papers (School of Economics)
 
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Created: Fri, 12 Dec 2008, 09:33:49 EST by Diana Guillemin on behalf of School of Economics