Bertrand, Olivier; Zitouna, Habib - In: International Journal of Banking, Accounting and Finance 1 (2009) 4, pp. 314-339
This paper investigates the effects of horizontal acquisitions on the productive efficiency of target firms in the 1990 … acquisitions. However, distance in market size does not look to matter. These findings put forward the importance of remoteness as … a key factor in explaining the performance of international acquisitions. …