haku: @author Weiss, A. / yhteensä: 18
viite: 4 / 18
| Tekijä: | Weiss, A. |
| Otsikko: | Vertical mergers and firm-specific physical capital: three case studies and some evidence on timing |
| Lehti: | Journal of Industrial Economics
1994 : DEC, VOL. 42:4, p. 395-417 |
| Asiasana: | CAPITAL MERGERS COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | This paper shows that indirect evidence is often available to assist in understanding the timing of a vertical merger or divestiture. In particular, it is shown that in cases involving Firm-Specific Capital (FSC), changes in the residual correlation (after removing market and industry effects) between the firms' stock returns are helpful in explaining the reason for and the timing of the merger/divestiture. The ramifications of this finding are immediate. |
SCIMA