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Aggregate Concentration and the Direction of Merger

In: The Evolving Firm

Author

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  • Neil M. Kay

Abstract

In this chapter we re-orientate our analysis to consider a set of topics related to changes in corporate strategy. So far we have suggested that corporate strategy is determined by balancing synergy gains against hedging considerations; synergy is obtained from internal relationships, while hedging is designed to permit the firm to cope with its environmental threat. The argument of this chapter revolves around the point that if the environment becomes more threatening we would expect strategy changes to follow.

Suggested Citation

  • Neil M. Kay, 1982. "Aggregate Concentration and the Direction of Merger," Palgrave Macmillan Books, in: The Evolving Firm, chapter 7, pages 114-132, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06112-9_7
    DOI: 10.1007/978-1-349-06112-9_7
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