Budzinski, Oliver; Kretschmer, Jürgen-Peter - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
considerable impact on merger policy conclusions: while several insights of the original FSF are corroborated (f.i. efficiency … mergers. If this assumption held, a positive external effect of a proposed merger would represent a sufficient condition to … allow the merger. However, the empirical picture on mergers and acquisitions reveals a significant share of unprofitable …