
The Library
MERGER FAILURE AND MERGER PROFITABILITY
Tools
UNSPECIFIED (1993) MERGER FAILURE AND MERGER PROFITABILITY. JOURNAL OF INDUSTRIAL ECONOMICS, 41 (4). pp. 371-386. ISSN 0022-1821.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Abstract
The focus of the paper is the effect of merger proposals on the expected profitability of the bidder and the target. We illustrate how an unsuccessful bid may increase the profitability of the target but reduce the profitability of the bidding firm, relative to the profitability of the firms before the merger offer. The profitability of a merger proposal is lowered due to learning from rejection. We use our theoretical model to explain empirical work on this issue.
Item Type: | Journal Article | ||||
---|---|---|---|---|---|
Subjects: | H Social Sciences > HG Finance H Social Sciences > HC Economic History and Conditions |
||||
Journal or Publication Title: | JOURNAL OF INDUSTRIAL ECONOMICS | ||||
Publisher: | BLACKWELL PUBL LTD | ||||
ISSN: | 0022-1821 | ||||
Official Date: | December 1993 | ||||
Dates: |
|
||||
Volume: | 41 | ||||
Number: | 4 | ||||
Number of Pages: | 16 | ||||
Page Range: | pp. 371-386 | ||||
Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
Request changes or add full text files to a record
Repository staff actions (login required)
![]() |
View Item |