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Measuring market concentration in the luxury sector
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| 2.06 MB | Adobe PDF |
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Resumo(s)
This study examines whether M&A drives excessive concentration in the luxury sector
compared to the technology sector, using a Difference-in-Differences (DiD) methodology.
Metrics such as the Herfindahl-Hirschman Index (HHI) and Concentration Ratios (CR) are
analyzed for the top 100 firms in both sectors (2019–2023). Results show M&A has no
significant impact on overall concentration (HHI), but CR4 indicates increased dominance of
top luxury firms. Findings highlight the strategic nature of M&A in luxury, offering insights
for industry stakeholders and policymakers.
Descrição
Palavras-chave
Mergers and Acquisitions Market concentration Herfindahl-Hirschman Index Luxury sector Technology sector Difference-in-Differences