Previous studies have considered the market for corporate control, but have tended to assume that this is a strategy undertaken by financially robust acquiring firms. This paper provides five case studies that reflect that both acquirers and targets have differing financial characteristics. In depth examination has found that the ambiguous results in the literature are due to a lack of understanding of the complexity and diversity of takeover participants. These results indicate that while the market is efficient, there are a number of different effects of takeover that relate to the diverse nature of firms and their environment.
|頁（從 - 到）||576-598|
|期刊||International Journal of Services, Technology and Management|
|出版狀態||已發佈 - 2005 十二月 1|
ASJC Scopus subject areas
- Computer Science Applications
- Strategy and Management