Barai, Parama; Mohanty, Pitabas - In: Asia Pacific Journal of Management 31 (2014) 4, pp. 1045-1073
performance measures. We argue that mergers and acquisitions are distinct strategies, because of the unique regulatory structure … extant theories of synergy or agency. We present a modified synergy story and illustrate that, while related acquisitions … create value and non-related acquisitions destroy value, both related and unrelated mergers create value. Copyright Springer …