Structure, M&A Conduct and Performance: A Validation Study of the Global Steel Industry

碩士 === 國立成功大學 === 企業管理學系碩博士班 === 96 === The concentration degree of the global steel market rises day by day, the larger steelmakers like the Alexander of the western kingdom of Rome or like Genghis Khan of the eastern Chinese Mongolian kingdom, they competitively strive to demand the domain which e...

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Bibliographic Details
Main Authors: Yao-Hui Huang, 黃耀輝
Other Authors: Shu-Hui Chen
Format: Others
Language:zh-TW
Published: 2008
Online Access:http://ndltd.ncl.edu.tw/handle/11964225138840337819
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Summary:碩士 === 國立成功大學 === 企業管理學系碩博士班 === 96 === The concentration degree of the global steel market rises day by day, the larger steelmakers like the Alexander of the western kingdom of Rome or like Genghis Khan of the eastern Chinese Mongolian kingdom, they competitively strive to demand the domain which expands its great ambition ruleship in the world by the way of aquistion and merger. "Getting large more and more" it seems to be global steel’s destiny. This research is mainly to think with Caves (1990) the market structure (environment) determines the market behavior (the behavior in this environment of economic unit), therefore has determined the theory of the performance level of the market; And Waldman & Jensen (1998) mention market structure, behavior and performance model (SCP) study what kind of steel market structure make global every large steelmakers take place behavior that competitively merge? Why does it merge theory motive and purpose of the behavior? Can really accord with the purpose to merge after steel industry's aquistion and merger? Understanding the structure of global steel market at present, the behavior, the performance that and then probe into the global steelmakers before and after merge is a purpose of this research. Though a lot of domestic references, outside mostly point out the comprehensive result of the front merge are very few; Many documents even point out the majority there is not comprehensive result and fail. But analysed the aquistion and merger behavior which it is global to learn the steel industry is according with and merge motive theory and its purpose by this research real example, it is in the ascendant that the aquistion and merger of the global steel industry can be regarded as, one wave continues one wave, this brings out the behavior which every large steel factory competitively purchases and combines on behalf of "monopolizing competition structure" of the global steel market, and comprehensive result of operation and comprehensive result of financial affairs after its aquistion and merger will have result of front .