By horizontal merger companies of Xinjiang tomato industry will gain the economic scale efficient, and by vertical merger or vertical integration they can set up their own martial base, they can enter the area of trade of tomato products also.
横向购并可以使新疆番茄产业的企业取得规模经济，纵向兼并或纵向一体化可以使新疆番茄产业的企业建立起自己的原料基地并进入销售领域。
参考来源 - 新疆番茄产业资本运营问题研究·2,447,543篇论文数据，部分数据来源于NoteExpress
Vertical merger is a way to gain market monopoly power. It was traditionally thought to reduce transaction cost risks.
纵向兼并是一种获得市场垄断力量的手段，传统的研究认为纵向兼并可以节约交易成本和降低交易风险。
The extending meaning of the case is that the horizontal merger and acquisition has better effects than the vertical merger and acquisition.
进而可以引申地认为，水平并购的效果要好于混合式并购。
This dissertation suggests that just about this kind of asymmetry information affected the inputs' prices and firms' motives of vertical merger.
研究发现正是这种非对称信息，影响到了中间产品价格以及企业的兼并动机。
应用推荐