PELI, Gábor; SCHENK, Hans - Faculteit Toegepaste Economische Wetenschappen, … - 2011
Imitation of first-mover firms in opting for a merger or acquisition (M&A) facilitates merger-wave formation. Empirical evidence suggests that, under uncertainty of outcomes, firms regret more not following their rivals’ strategy than possibly failing jointly by copying it. We explore the...