The effect of horizontal M&A includes scale economic effect, Anti competition effect and welfare effect.
横向并购效应主要表现为规模经济效应、反竞争效应以及福利效应三个方面。
参考来源 - 企业并购效应分析·2,447,543篇论文数据,部分数据来源于NoteExpress
The corporate form of business is a more flexible instrument for large-scale economic activity than the sole proprietorship or partnership.
对于大规模经济活动来说,公司这种经营形式比个体企业或合伙企业更为灵活。
Now, most China hotels are single and dispersed and thus they have neither scale economic advantages nor brand dominance to struggle with foreign hotel groups.
我国饭店大多为单体饭店且比较分散,这种分散化特征使得饭店既没有规模经济优势,又没有品牌优势,难以与国外饭店集团相抗争。
It reflected the fact that these decades saw a climb in general standards of living and avoidance of mass societal traumas like full-scale war or economic deprivation.
它反映了这样一个事实:在过去的几十年里,人们的总体生活水平有所提高,并且避免了大规模战争或经济匮乏等大规模社会创伤。
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