Bellak, Christian; Pfaffermayr, Michael; Wild, Michael - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 52 (2006) 1, pp. 29-54
, we consider two hypotheses that an acquired underperforming firm (“lemon”) improves its performance post takeover versus … the “cherry picking” (overperformers) view. The latter suggests endogeneity of takeover decisions. Consequently we follow … export orientation) explain the takeover decision. Our results suggest that in general the effects are small, but post-takeover …