PUBLIC ENTERPRISE, 2022, ISSUE 26., VOL.1, ARTICLE 3

For more than a century, regulatory intervention in corporate mergers and acquisitions has been of much interest to corporate strategists. The high level of merger and acquisition activity across the world over the three decades of a century has revitalised the field of Industrial Organisation (IO). This has accelerated in the public sector of developing countries like India. For policy formulation, the antitrust authorities are increasingly relying on research in this field to comprehend the factors that affect how firms and markets are organised and behave. However, there hasn’t been any analysis to determine whether the authorised mergers are anti-competitive. IO is a high-tech, highbrow field of research because to the employment of increasingly complicated models, but its
theoretical suitability, empirical validity, and policy usefulness have not yet been determined. This paper examines the research models and procedures utilised in current IO research and comes to the conclusion that a more rigorous analytical framework is required to give IO studies credibility. In case of Public Sector Enterprises, collusive behaviour is not a problem, but there is a need to look at other areas of concern.