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 … in which I regress momentum on activity load. I find that increases in the activity load from acquisitions, on average …, reduce a firm's likelihood to maintain acquisition momentum. That is, the increase in acquisition activity created by …