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Takeovers, Shareholder Returns, and the Theory of the Firm

✍ Scribed by Michael Firth


Book ID
124293667
Publisher
MIT Press
Year
1980
Tongue
English
Weight
589 KB
Volume
94
Category
Article
ISSN
0033-5533

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## Abstract We examine the effects of mergers on the returns to acquiring companies' shareholders for a large sample of companies from both Anglo‐Saxon and non‐Anglo‐Saxon countries over the 1980s and 1990s. With the important exception of Japan, we find similar patterns of returns across both type