The Horizontal Merger: Its Motives and Spatial Employment Impacts
研究了横向并购作为一种具有空间影响的投资活动的动机和复杂性，通过纸浆和造纸行业的案例说明，并比较了1972-1978年美国多个制造业工厂并购前后的就业水平，发现短期内就业增加。
This paper examines the importance of horizontal mergers as a form of investment activity that has spatial ramifications. The complexity and motivations of horizontal mergers and the following rationalization process are illustrated by a case study of a firm in the pulp and paper industry. In addition, pre-merger and post-merger employment levels of individual plants in a number of manufacturing sectors are compared for the period 1972–1978. Every industry and region of the United States experienced an increase in employment in the period immediately following the horizontal merger. The rationalization process is seen as having a positive impact on employment levels in the short run.