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Acquisitions, Markups, Efficiency, and Product Quality: Evidence from India

Joel Stiebale () and Dev Vencappa

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We use a rich firm-product panel data set to analyze the effects of domestic and foreign acquisitions on Indian manufacturing firms. Our results indicate that, on average, acquisitions are associated with increases in quantities and markups and lower marginal costs in target firms. We also provide evidence that the quality of products increases while quality-adjusted prices fall upon acquisitions. The effects are most pronounced if acquirers are located in technologically advanced countries.

JEL-codes: F61 F23 G34 L25 D22 D24 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-com, nep-eff and nep-int
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Related works:
Journal Article: Acquisitions, markups, efficiency, and product quality: Evidence from India (2018) Downloads
Working Paper: Acquisitions, markups, efficiency, and product quality: Evidence from India (2016) Downloads
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