Great expectations but poor results: financial and social performance of the Toscana Energia merger

Patricia Bachiller, Giuseppe Grossi

Forskningsoutput: TidskriftsbidragArtikelPeer review

Sammanfattning

This article investigates the importance of mergers in the public sector , analysing the case of T oscana Energia—a gas supplier in Italy. T oscana Energia was formed by merging three entities. There was no improvement in financial performance after the merger. Realistic merger benefits include competitive gains and, in this case, a better deal for consumers. P oliticians under pressure to merge should insist on the public sector being the majority owner in utilities. The best merger outcomes are of smaller municipal enterprises.

OriginalspråkEngelska
Sidor (från-till)69-74
Antal sidor5
TidskriftPublic Money & Management
Volym32
Utgåva1
DOI
StatusPublicerad - 2012

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  • Företagsekonomi (50202)

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