Do Mergers and Acquisitions Improve Efficiency? Evidence from Power Plants
收藏NBER2024-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32727
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资源简介：
Using rich data on hourly physical productivity and thousands of ownership changes from US power plants, we study the effects of acquisitions on efficiency and underlying mechanisms. We find a 2% average increase in efficiency for acquired plants, beginning five months after acquisitions. Efficiency
提供机构：
美国国家经济研究局
创建时间：
2024-07-01
