Van Den Honert, R. C.; Barr, G. D.I.; Affleck-Graves, J. F. - In: South African Journal of Business Management 19 (1988) 1, pp. 1-10
The authors examine, in a cumulative average abnormal return (CAAR) framework, the effect of four easily identifiable features of merger activity on acquirer/target shareholder wealth. The features considered are the relatedness of the acquiring and target firms involved in the merger, the...