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| Registros recuperados: 16 | |
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| King, John L.. |
| Consolidation in the agricultural biotechnology industry can both enhance and dampen market competition. This report examines the causes and consequences of industry consolidation and its effect on market efficiency. In some cases, concentration realizes economies of scale, which can improve market efficiency by driving down production costs. The protection of intellectual property rights is integral to the agricultural biotechnology marketplace, stimulating research and development, investment, and the development of substitute markets. However, excessively broad intellectual property rights can hinder the market for innovation. Recent data on mergers, acquisitions, and strategic collaborations in the agricultural biotechnology industry, as well as the... |
| Tipo: Report |
Palavras-chave: Industry concentration; Consolidation; Biotechnology; Market efficiency; Market power; Intellectual property rights; Agricultural input industries; Mergers; Acquisitions; Agribusiness; Industrial Organization. |
| Ano: 2001 |
URL: http://purl.umn.edu/33631 |
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| Richards, Timothy J.; Manfredo, Mark R.. |
| Several explanations for merger activity exist for publicly traded firms, but none consider the unique aspects of cooperatives. This study develops a test for the hypothesis that cooperative consolidation occurs primarily in response to capital constraints associated with a lack of access to external equity capital. An empirical model estimates the shadow value of long-term investment capital within a multinomial logit model of transaction choice in a panel data set of the 100 largest U.S. cooperatives. The results substantially confirm the capital-constraint hypothesis. Thus, the primary implication is that internal growth may be a more viable alternative to consolidation if new forms of cooperative financing are developed. |
| Tipo: Journal Article |
Palavras-chave: Capital structure; Cooperative; Discrete choice; Joint ventures; Mergers; Multinomial logit; Strategic alliances; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/30718 |
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| Bogetoft, Peter; Wang, Dexiang. |
| We introduce simple production economic models to estimate the potential gains from mergers. We decompose the gains into technical efficiency, size (scale) and harmony (mix) gains, and we discuss alternative ways to capture these gains. We propose to approximate the production processes using the non-parametric Data Envelopment Analysis (DEA) approach, and we use the resulting operational approach to estimate the potential gains from merging agricultural extension offices in Denmark. Contents: 1. Introduction, 2. Literature, 3. Production Models, 4. Measures of Merger Gains, 5. Decomposing Merger Gains, 6. Alternative Decompositions, 7. The Danish Agricultural Extension Services, 8. Final Remarks, References. Key Words: Data Envelopment Analysis,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Data Envelopment Analysis; Management; Organization; Mergers; Teaching/Communication/Extension/Profession. |
| Ano: 2003 |
URL: http://purl.umn.edu/24213 |
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| Simpson, R. David. |
| Placing production units under common ownership is often suggested as a solution to the problem of externalities. This will not always be true when there are decreasing returns to scale. An atomistic industry could be more efficient than a monopoly in some instances. Even when the "optimal" industry configuration would involve a finite number of producers, no two may have appropriate incentives to combine. An omniscient and benign regulator can always assure a more efficient outcome than would result from the combination of private producers. Whether real-world regulators should be called upon, however, is less clear. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Externalities; Mergers; Returns to scale; Incentives; Land Economics/Use; L23; Q24. |
| Ano: 2001 |
URL: http://purl.umn.edu/10457 |
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| Ollinger, Michael; Nguyen, Sang V.; Blayney, Donald P.; Chambers, William; Nelson, Kenneth B.. |
| Processing plants in eight major food industries were highly productive before being acquired and they significantly improved their labor productivity afterward, Economic Research Service and U.S. Census Bureau researchers found in their analysis of Census data. The plant-level data on production inputs and costs provided a detailed picture of food-production facilities involved in mergers and acquisitions. The industries are meatpacking, meat processing, poultry slaughtering and processing, cheese making, fluid milk processing, flour milling, feed processing, and oilseed crushing. The analysis suggests that mergers and acquisitions contributed to the general improvement in labor productivity, echoing an earlier ERS study. Labor productivity is defined as... |
| Tipo: Report |
Palavras-chave: Mergers; Acquisitions; Labor productivity; Consolidation; Structural change; Agribusiness; Industrial Organization; Productivity Analysis. |
| Ano: 2006 |
URL: http://purl.umn.edu/7246 |
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| Walraven, Nicholas A.. |
| This paper employed a variety of sources of data and a number of methods to describe rural lending markets. Over the sample period, 1992 through 1998, there was a pronounced trend towards affiliation of banks, both urban and rural, with holding companies, although over this period there was little change in the concentration of banking offices in rural areas. Using data from the 1993 National Survey of Small Business Finances, the study found some evidence that rural small businesses were less likely to apply for a loan than urban small firms although those rural firms that did apply were more likely to have their application accepted. |
| Tipo: Journal Article |
Palavras-chave: Mergers; Rural banks; Agricultural Finance. |
| Ano: 1999 |
URL: http://purl.umn.edu/15379 |
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| Registros recuperados: 16 | |
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