Mergers and acquisitions in telecommunications market: a simultaneous equations approach to study Structure, Conduct and Performance

Antonios Kargas, Vasileios Argyroulis and Dimitrios Varoutas

32nd European Regional ITS Conference, Madrid 2023: Realising the digital decade in the European Union – Easier said than done? from International Telecommunications Society (ITS)

Abstract: Paper aims to enrich readers understanding on Greek Telecommunication Industry, and more specifically on strategic decisions related with mergers and acquisitions. Even though mergers and acquisitions have long been studied in international level, the effects on market structure, on firms' conduct and, on their performance, remains an interesting topic. Current research contributes to the analysis of Greek telecommunication market, considering its current form, after a series of mergers and acquisitions that took place in previous years. An Industrial Organization's approach was adopted, namely the Structure - Conduct - Performance (SCP) framework. A SCP model, based on quantitative data, is developed for the major three telecom operators, while a two-stages least square regression analysis is conducted. By using a simultaneous equations model with lagged-dependent variables, the relationship between structure, conduct and performance is discussed. Results indicate that entry barriers exist in the market, as part of firms' conduct, shaping market's existing structure and affecting performance. Mergers and acquisitions is expected to keep playing a significant role in Greek telecommunications market since it acts as a reliable strategic option that ensures viability.

Keywords: Structure – Conduct – Performance; Simultaneous equations approach; Mergers and Acquisitions; Strategic Management; Greek Telecommunications Industry (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-com, nep-ind and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/277984/1/Kargas-et-al.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:zbw:itse23:277984

Access Statistics for this paper

More papers in 32nd European Regional ITS Conference, Madrid 2023: Realising the digital decade in the European Union – Easier said than done? from International Telecommunications Society (ITS)
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().