THE MEASUREMENT OF POST-ACQUISITION PERFORMANCE: TOWARD A VALUE-BASED BENCHMARKING METHODOLOGY
Mergers and acquisitions are clearly the favorite corporate growth strategy of this generation's executive teams. But there is little evidence that such strategies have paid off for the acquiring companies' shareholders-and many transactions have proved disastrous for the careers of the executives as well as the pocketbooks of the shareholders of the acquiring firms. 1998 Morgan Stanley.
Year of publication: |
1998
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Authors: | Sirower, Mark L. ; O'Byrne, Stephen F. |
Published in: |
Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 11.1998, 2, p. 107-121
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Publisher: |
Morgan Stanley |
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