Herold, Frédéric - In: Junior Management Science (JUMS) 9 (2024) 1, pp. 1140-1177
This study presents evidence on the effect of a firm's activity load from acquisitions on its temporal acquisition pattern. Exploiting a panel of the 300 largest Fortune Global 500 firms over the 1990-2010 period, I use a hybrid logit model in which I regress momentum on activity load. I find...