publication . Article . 2012

Liberalisation and Corporate Strategic Behaviours: A Taxonomy of the European Electric Firms

SCHIAVONE F; QUINTANO M;
Open Access
  • Published: 01 Jan 2012 Journal: Economia dei Servizi, issue 2, pages 203-216
  • Country: Italy
Abstract
Liberalisation in the European electricity market greatly increased the number of corporate mergers and acquisitions. This article proposes a taxonomy of the strategic behaviours of European electricity firms after the recent continental industry liberalisation. We analysed the operations of mergers and acquisitions of these companies. The «five competitive forces» model by Michael Porter was used in order to develop the taxonomy. Our analysis outlines three main strategic types: "omnivorou"s firms, which mergeand/or acquire all the types of companies, without any strategic distinction; "cannibal" ones,which are firms preferring direct competitors as targets for...
Subjects
free text keywords: L220; L940; M200 [Liberalisation, strategic behavior, electric industry, acquisitions. JEL Classification]
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publication . Article . 2012

Liberalisation and Corporate Strategic Behaviours: A Taxonomy of the European Electric Firms

SCHIAVONE F; QUINTANO M;