The current situation in the world economics requires a rethinking of business strategies. The worldwide crisis in the financial segment increases the pressure on every company. All companies have to lean their operational processes and their high risk activities to ensure customer satisfaction....

We study the wealth effects of the mergers of privatized firms. Our sample entails 39 privatized firms that subsequently become targets of a takeover and 52 privatized firms that become bidders in mergers. Our results indicate that target firms experience a 12 percent increase in equity value at...