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An empirical investigation of the mergers decision process in Australia
Breunig, Robert and Menezes, Flavio (2008-12). 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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| Name |
Description |
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Size |
Downloads |
econ_382_1208.pdf
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Link to full text |
application/pdf |
149.32KB |
51 |
| Author(s) |
Breunig, Robert
Menezes, Flavio
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| Title |
An empirical investigation of the mergers decision process in Australia
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| School, Department or Centre |
UQ School of Economics
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| Institution |
The University of Queensland
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| Series |
Discussion Paper Series
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| Report Number |
Discussion Paper No. 382
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| Publication date |
2008-12
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| Publisher |
The University of Queensland, School of Economics
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| Start page |
1
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| End page |
22
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| Total pages |
22
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| Language |
eng
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| Subject |
14 Economics
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| 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.
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| Keyword(s) |
merger decisions process
Australia
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