Effects of mergers and acquisitions: a critical survey of the empirical evidence

Luigi Benfratello

CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: The aim of this paper is to review the "state of the art" of empirical analysis on the subject of the effects of mergers and acquisitions. After a brief introduction I will present the conflicting evidence outlined, up to the mid eighties, by the Industrial Organization stream of analysis and the Financial Economics one; afterwards, the most important contributions emerged since then, innovative in terms of amount and type of data used and in terms of more accurate methodologies, will be presented. Finally, special attention will be devoted to the still scattered empirical evidence for Italy.

JEL-codes: G34 L40 (search for similar items in EconPapers)
Pages: 36 pages Keywords : Mergers and Acquisitions.
Date: 2000-12
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Persistent link: https://EconPapers.repec.org/RePEc:csc:cerisp:200011

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