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Lefouili, Yassine
ORCID: https://orcid.org/0000-0003-4966-7212 and Madio, Leonardo
(2026)
Mergers and investments : where do we stand ?
International Journal of Industrial Organization, Vol. 105 (103269).
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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 inf luence 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: | Article |
|---|---|
| Language: | English |
| Date: | April 2026 |
| Refereed: | Yes |
| Place of Publication: | Amsterdam |
| Uncontrolled Keywords: | Competition, Investment, 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) |
| Site: | UT1 |
| Date Deposited: | 09 Mar 2026 13:30 |
| Last Modified: | 09 Mar 2026 13:37 |
| OAI Identifier: | oai:tse-fr.eu:131499 |
| URI: | https://publications.ut-capitole.fr/id/eprint/52544 |
