Degree Year
2013
Document Type
Thesis - Open Access
Degree Name
Bachelor of Arts
Department
Economics
Advisor(s)
Ed McKelvey
Ellis Tallman
Jenny Hawkins
Abstract
This paper analyzes the effects of mergers and acquisitions on the profitability of both participating firms and competitor firms in the U.S. petroleum industry. It also identifies distinct economic conditions and firm specific characteristics that are correlated with the performance of the firm and the merger. The span of the study reaches from 1995-2011. It incorporates four unique, yet characteristic mergers of the domestic petroleum industry. The paper finds evidence that mergers and acquisitions affect the profitability of participating firms positively and competitor firms negatively. This study also provides insight into how uniform mergers and acquisitions in this industry may truly be.
Repository Citation
Capozzi, Matthew D., "An Evaluation of Mergers in the U.S. Petroleum Industry" (2013). Honors Papers. 314.
https://digitalcommons.oberlin.edu/honors/314
