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CESifo Forum

A New Perspective on Mergers and Acquisitions: Evidence Explained, Policies Prescribed

Tidskriftsartikel
Referens
Stennek, Johan (2006). ”A New Perspective on Mergers and Acquisitions: Evidence Explained, Policies Prescribed”. CESifo Forum (1), 3–8.

Författare
Johan Stennek

Why do mergers occur in waves? Why do so many mergers occur despite substantial empirical evidence that they often fail and lead to lower profits? Why do share prices rise at the same time as profits decline? To answer these questions, the traditional framework for understanding mergers must be abandoned.