Regulatory constrained portfolio restructuring: the US department store industry in the 1990s
Wood, SM (2001) Regulatory constrained portfolio restructuring: the US department store industry in the 1990s Environment and Planning A, 33 (7). 1279 - 1304. ISSN 0308-518X
Regulatory constrained portfolio EPA paper.pdf
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The US department store industry has undergone a recent round of strategic acquisition-based portfolio restructuring. This paper analyses one such acquisition, studying how its geography is restructured in the premerger stage to conform to the Federal Trade Commission's 'fix-it-first' policy and to improve the strategic fit of the transaction. The article then investigates evidence, and analyses the effects, of a new era of stricter FTC enforcement, where divestiture may no longer be sufficient in cases of horizontal market overlap. Fundamentally, the paper considers the nature of 'real' regulation in action, as rules partially dictate investment decisions.
|Additional Information:||"Wood, SM., 2001. The definitive, peer-reviewed and edited version of this article is published in [Environment and Planning A], vol 33, issue 7, 1279-1304, 2001, [10.1068/a33208]"|
|Divisions:||Faculty of Business, Economics and Law > Surrey Business School|
|Depositing User:||Symplectic Elements|
|Date Deposited:||04 May 2012 07:52|
|Last Modified:||23 Sep 2013 19:13|
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