River bed sand and gravel are utilized more than mountain materials due to their availability and closeness to the transit roads and sites of usage. Excessive and non-technical extraction of gravel and sand bring a kind of interference in them, leading to many negative consequences. Therefore, presenting solutions to reduce these impacts and infilling mining pits are essential. In this researc...

Purpose Internal (e.g. firm performance, internal stakeholders) and external pressures globalisation, technology, corporate scandals) have intensified calls for governance reforms across varieties of capitalism. Yet, practices among developing economies remain problematic. Drawing insights from Africa’s largest economy (Nigeria) relying on the resource dependence theorisation, this study aims t...

We analyze the effects of downstream firms’ acquisition of pure cash flow rights in an efficient upstream supplier when all firms compete in prices. With an acquisition, downstream firms internalize the effects of their actions on their rivals’ sales. Double marginalization is enhanced. Whereas full vertical integration would lead to decreasing, passive backwards ownership leads to increasing d...

We investigate the upstream and downstream product-market effects of a large sample of horizontal mergers and acquisitions from 1980 to 1997. We construct a data set that identifies the corporate customers, suppliers, and rivals of the firms initiating horizontal mergers and use this data set to examine announcement-related stock market revaluations and post-merger changes in operating performa...