Non-controlling minority shareholdings and collusion
- This article merges theoretical literature on non-controlling minority shareholdings (NCMS) in a coherent model to study the effects of NCMS on competition and collusion. The model encompasses both the case of a common owner holding shares of rival firms as well as the case of cross ownership among rivals. We find that by softening competition, NCMS weaken the sustainability of collusion under a greater variety of situations than was indicated by earlier literature. Such effects exist, in particular, in the presence of an effective competition authority.
| Author details: | Samuel de HaasORCiDGND, Johannes PahaORCiDGND |
|---|---|
| DOI: | https://doi.org/10.1007/s11151-020-09758-y |
| ISSN: | 0889-938X |
| ISSN: | 1573-7160 |
| Title of parent work (English): | Review of industrial organization |
| Publisher: | Springer |
| Place of publishing: | Dordrecht |
| Publication type: | Article |
| Language: | English |
| Date of first publication: | 2020/05/09 |
| Publication year: | 2020 |
| Release date: | 2023/07/07 |
| Tag: | collusion; common ownership; cross ownership; minority shareholdings |
| Volume: | 58 |
| Issue: | 3 |
| Number of pages: | 24 |
| First page: | 431 |
| Last Page: | 454 |
| Funding institution: | Projekt DEAL |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften |
| DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Peer review: | Referiert |
| Publishing method: | Open Access / Hybrid Open-Access |
| License (German): |  CC-BY - Namensnennung 4.0 International |
| External remark: | Zweitveröffentlichung in der Schriftenreihe Zweitveröffentlichungen der Universität Potsdam : Wirtschafts- und Sozialwissenschaftliche Reihe ; 166 |
