Degree Year

2013

Document Type

Thesis

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.

Included in

Economics Commons

Share

COinS