Mergers and Acquisitions in the Pharmaceutical and Biotech Industries
收藏NBER2004-06-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w10536
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This paper examines the determinants of M&A activity in the pharmaceutical-biotechnology industry and the effects of mergers using propensity scores to control for merger endogeneity. Among large firms, we find that mergers are a response to excess capacity due to anticipated patent expirations and
提供机构:
美国国家经济研究局
创建时间:
2004-06-01



