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Lefouili, Yassine
ORCID: https://orcid.org/0000-0003-4966-7212 and Madio, Leonardo
(2025)
Mergers and Investments: Where Do We Stand?
TSE Working Paper, n. 25-1617, Toulouse
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Abstract
In this paper, we review recent studies on the impact of mergers on investments. We begin by examining how mergers among competing incumbents influence firms’ incentives to develop new products and undertake cost-reducing or quality-enhancing investment. We then analyze how an incumbent’s acquisition of an innovative entrant affects the investment incentives of both parties. Next, we discuss the effects of vertical mergers on the investment decisions of both upstream and downstream firms. Finally, we highlight several policy-relevant insights from the literature and suggest directions for future research.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | February 2025 |
| Place of Publication: | Toulouse |
| Uncontrolled Keywords: | Competition, Investments, Innovation, Mergers, Entry |
| JEL Classification: | D43 - Oligopoly and Other Forms of Market Imperfection L13 - Oligopoly and Other Imperfect Markets L40 - General |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse Capitole |
| Site: | UT1 |
| Date Deposited: | 10 Feb 2025 11:03 |
| Last Modified: | 13 Mar 2026 14:19 |
| OAI Identifier: | oai:tse-fr.eu:130332 |
| URI: | https://publications.ut-capitole.fr/id/eprint/50415 |
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