Hviid, Morten; Prendergast, Canice - In: Journal of Industrial Economics 41 (1993) 4, pp. 371-86
The focus of this paper is the effect of merger proposals on the expected profitability of the bidder and the target. The authors illustrate how an unsuccessful bid may increase the profitability of the target but reduce the profitability of the bidding firm, relative to the profitability of the...
