Gugler, Klaus; Mueller, Dennis C.; Weichselbaumer, Michael - In: International Journal of Industrial Organization 30 (2012) 1, pp. 1-15
One of the most conspicuous features of mergers is that they come in waves that are correlated with increases in share prices and price/earnings ratios. We use a natural way to discriminate between pure stock market influences on firm decisions and other influences by examining merger patterns...
