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ability to generate new growth options. This simple theory predicts that Tobin's q falls with age. Further, competition in the …
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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...
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ability to generate new growth options. This simple theory predicts that Tobin's q falls with age. Further, competition in the …
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