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Traditional Data Envelope Analysis (DEA) neglects uncertainty for the input-output variables by treating the observations as if they were the true input-output variables to select reference units for efficiency estimation and performance benchmarking. In stochastic environments, the traditional...
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the merger effect on acquirer stock return, which means the merger directly influence the acquirer stock return. Thus the … hypothesis that mergers effect the stock return are empirically supported of accepted. The result also show that the merger does …
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