Profitability of Mergers in Food Manufacturing

Scott Rozelle

No 186528, Staff Papers from Cornell University, Department of Applied Economics and Management

Abstract: A cross-section, time-series model of food processing firms examines how profitability is affected by acquiring either firms inside the food industry (i.e., firms within the parent's area of expertise), or outside of the food industry (i.e., conglomerate-type aquisitions). The study concludes that aquiring food firms increases the parent firm's actual profits; while aquiring firms outside of the industry increases only book profits, but negatively impacts shareholder wealth.

Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
Pages: 18
Date: 1987-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/186528/files/Cornell-Dyson-sp8723.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:cudasp:186528

DOI: 10.22004/ag.econ.186528

Access Statistics for this paper

More papers in Staff Papers from Cornell University, Department of Applied Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().