haku: @author Lubatkin, M. / yhteensä: 22
viite: 18 / 22
| Tekijä: | Lubatkin, M. |
| Otsikko: | Merger strategies and stockholder value. |
| Lehti: | Strategic Management Journal
1987 : JAN-FEB, VOL. 8:1, p. 39-53 |
| Asiasana: | MERGERS CORPORATE STRATEGY STOCK OWNERSHIP VALUATION |
| Kieli: | eng |
| Tiivistelmä: | A relationship between stockholder gains and the relatedness of merging firms is tested by classifying mergers into four relatedness categories and by using measures of stockholder value as developed in the literature on capital markets. In all,stock returns of 439 acquiring firms in 1031 large mergers are examined,as are stock returns of 340 large acquired firms. It is showed that mergers lead to permanent gain in stockholder value for both acquiring and acquired firms,stockholders,but the prescription: "All things being equal, some product and market relatedness is better than none" is not found true. |
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