Merger Strategies and Capital Market Risk

The literature on corporate diversification suggests a relationship between the relatedness of merging firms and risk. We tested that notion by classifying 297 large mergers into four relatedness categories and by using three measures of risk: unsystematic, systematic, and total. The findings show t...

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Veröffentlicht in:	Academy of Management journal 1987-12, Vol.30 (4), p.665-684
Hauptverfasser:	Lubatkin, Michael, O'Neill, Hugh M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers Bear markets Bull markets Business risks Business structures Corporate strategies Diversification Financial management Financial risk Investment risk Market positioning Mathematical models Portfolio diversification Portfolio management Risk Risk management Shareholders Statistical analysis Systematic Systematic risk
Online-Zugang:	Volltext
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