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The evidence on efficiency gains: The role of mergers and the benefits to the public

✍ Scribed by Necmi Kemal Avkiran


Book ID
117529147
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
183 KB
Volume
23
Category
Article
ISSN
0378-4266

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## Abstract Despite the large number of event studies of mergers that have been undertaken, considerable disagreement still exists over whether mergers increase the value of the merging firms, and if so why. Most event studies measure the average returns to the acquired and acquiring companies' sha