Knyphausen-Aufsess, Dodo zu; Koeppen, Jens; Schweizer, Lars - In: International Journal of Financial Services Management 2 (2007) 4, pp. 344-360
high in relation to the synergies that motivated the premiums paid. In this paper, we illustrate the performance … implications of overstated synergies and develop a ten-step reference model for the calculation of synergies in order to avoid … overestimating their potential. After that, we present three case studies in which we assess how synergies are determined in practice …