SHEEN, ALBERT - In: Journal of Finance 69 (2014) 6, pp. 2651-2688
type="main" <title type="main">ABSTRACT</title> <p>I document sources of value creation in mergers by analyzing novel data on the quality and price of goods sold by merging firms. When two competitors in a product market merge, their products converge in quality, and prices fall relative to the competition. These effects...</p>