Alexandridis, George; Mavrovitis, Christos F.; Travlos, … - In: The European Journal of Finance 18 (2012) 8, pp. 663-688
We examine the characteristics of the sixth merger wave that started in 2003 and came to an end approximately in late 2007. The drivers of this wave lie primarily in the availability of abundant liquidity, in line with neoclassical explanations of merger waves. Acquirers were less overvalued...