Bernad, Cristina; Fuentelsaz, Lucio; Gomez, Jaime - In: The Service Industries Journal 33 (2013) 2, pp. 266-278
Mergers and acquisitions (M&A) have been frequently justified in terms of value creation or efficiency improvements. Nevertheless, the evidence is not consistent with the existence of benefits in terms of profitability or market value of the firms involved. A distinguishing feature of extant...