Billingsley, Randall S.; Johnson, Dana J.; Penny … - In: Managerial Finance 14 (1988) 1, pp. 25-33
Numerous motives for merger have been proposed and empirically evaluated. While the avoidance of bankruptcy has been suggested as a plausible motive for merger in the financial literature, this motive has been the object of scant empirical investigation. Although recent empirical evidence...