Thraya, Mohamed Firas; Albouy, Michel M. - In: Revue Finance Contrôle Stratégie 15 (2012) 4, pp. 47-69
shareholders in the firm. This article examines the impact of the entrenchment of controlling shareholders on the short term … performance of corporate acquisitions. Our purpose is to identify cases in which the controlling shareholders use mergers and … (CAR). However, once the firm decides to diversify, the CAR becomes significantly lower when controlling shareholders hold …