Do mega-mergers create value? The acquisition experience and mega-deal outcomes
(2019)
Journal Article
Hu, N., Li, L., Li, H., & Wang, X. (2020). Do mega-mergers create value? The acquisition experience and mega-deal outcomes. Journal of Empirical Finance, 55, 119-142. https://doi.org/10.1016/j.jempfin.2019.11.004
Existing literature shows that mega-M&A deals valued over $500mil end up destroying the shareholder value of acquirers on a significant scale. Our paper considers mega-deal as a dependent event and examines the role of acquirer’s previous acquisition... Read More about Do mega-mergers create value? The acquisition experience and mega-deal outcomes.