When do acquirers earn abnormal returns?

In this study, we explore the conditions under which acquirers earn abnormal returns. We provide an empirical test of Barney and Chatterjee's arguments by examining the role of the respective resource contribution of the target and the acquirer. Combining an event study with a survey of postacq...

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Veröffentlicht in:	Strategic management journal 2002-09, Vol.23 (9), p.781-794
Hauptverfasser:	Capron, Laurence, Pistre, Nathalie
Format:	Artikel
Sprache:	eng
Schlagworte:	Abnormal returns Acquisitions & mergers Applied sciences Bargaining Bids Business structures Case studies Competition Corporate mergers Corporate strategies Corporate synergy Economic resources Economies of scale Empirical research event study Exact sciences and technology Firm modelling Hypotheses Management Marketing mergers and acquisitions Operational research and scientific management Operational research. Management science Portfolio theory Rates of return resource fit Resource management Shareholders Stockholders Studies Target acquisitions Target company Technological innovation Value creation
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