Management Practices and Mergers and Acquisitions
Author: Bai, John (Jianqiu), Serfling, Matthew, Wang, Jin on Aug 03, 2018
A fundamental question in corporate finance is how mergers and acquisitions create value? Value creation could arise from many sources, including economies of scale or scope, increases in managerial efficiency, improvements in production techniques, or increases in market power. However, while synergies are the leading motive behind mergers, direct empirical…
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