Do Managerial Objectives Drive Bad Acquisitions?
收藏NBER1989-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3000
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资源简介：
This paper documents for a sample of 327 US acquisitions between 1975 and 1987 three forces that systematically reduce the announcement day return of bidding firms. The returns to bidding shareholders are lower when their firm diversifies, when it buys a rapidly growing target, and when the
提供机构：
美国国家经济研究局
创建时间：
1989-06-01
