A horizontal merger is a merger or business consolidation that occurs between firms that operate in the same industry, usually as larger companies attempt to create more efficient economies of scale.

A merger happens when two companies combine to form a single entity. Public companies often merge with the declared goal of increasing shareholder value, by gaining market share or from entering new ...

We develop a search-based theory of mergers and acquisitions with heterogeneous firms and endogenous search complementarities. We use this model to understand how merger incentives and the firm size ...

Most mergers are engineered for efficiency. Systems are aligned, redundancies eliminated, and structures combined. Yet despite careful planning, most mergers fail to deliver on their strategic promise ...