Budzinski, Oliver; Kretschmer, Jürgen-Peter - 2007
external growth
through M&A-activity (Dickerson et al. 1997). Secondly, so-called event studies analyse
stock market … empirical picture differs significantly. According to the vast
majority of empirical studies on merger profitability, a …-called outcome studies.
These studies generally identify a significant share of mergers that decrease profits as well as …