Celikyurt, Ugur; Sevilir, Merih; Shivdasani, Anil - In: Journal of Financial Economics 96 (2010) 3, pp. 345-363
Newly public firms make acquisitions at a torrid pace. Their large acquisition appetites reflect the concentration of initial public offerings (IPOs) in mergers and acquisitions-(M&A-) intensive industries, but acquisitions by IPO firms also outpace those by mature firms in the same industry....