Access the full text.
Sign up today, get DeepDyve free for 14 days.
M. Lubatkin (1983)
Mergers and the Performance of the Acquiring Firm.Academy of Management Review, 8
P. Halpern (1983)
Corporate Acquisitions: A Theory of Special Cases? A Review of Event Studies Applied to AcquisitionsJournal of Finance, 38
S. Chatterjee (1986)
Types of Synergy and Economic Value: The Impact of Acquisitions on Merging and Rival FirmsSouthern Medical Journal, 7
J. Bain (1957)
Barriers to new competition
K. Andrews (1971)
The Concept of Corporate Strategy
Peter Dodd, Richard Ruback (1977)
Tender offers and stockholder returns: An empirical analysisJournal of Financial Economics, 5
D. Teece (1982)
Towards an economic theory of the multiproduct firmJournal of Economic Behavior and Organization, 3
Malcolm Salter, Wolf Weinhold (1979)
Diversification Through Acquisition: Strategies for Creating Economic Value
B. Wernerfelt (1984)
A Resource-Based View of the FirmSouthern Medical Journal, 5
K. Schipper, Rex Thompson (1983)
Evidence on the capitalized value of merger activity for acquiring firmsJournal of Financial Economics, 11
Langetieg Langetieg (1978)
A three‐factor performance index to measure gains from mergerJournal of Financial Economics, 6
G. Mandelker (1974)
Risk and return: The case of merging firmsJournal of Financial Economics, 1
R. Bettis (1983)
Modern Financial Theory, Corporate Strategy and Public Policy: Three ConundrumsAcademy of Management Review, 8
Jensen Jensen, Richard Richard (1983)
The market for corporate control: the scientific evidenceJournal of Financial Economics, 11
John Peavy (1984)
Modern Financial Theory, Corporate Strategy, and Public Policy: Another PerspectiveAcademy of Management Review, 9
D. Teece (1980)
ECONOMIES OF SCOPE AND THE SCOPE OF THE ENTERPRISEJournal of Economic Behavior and Organization, 1
Malcolm Salter, Wolf Weinhold (1982)
WHAT LIES AHEAD FOR MERGER ACTIVITIES IN THE 1980sJournal of Business Strategy, 2
H. Demsetz (1981)
Barriers to EntryThe American Economic Review, 72
P. Asquith (1983)
Merger bids, uncertainty, and stockholder returns☆Journal of Financial Economics, 11
R. Bettis, W. Hall (1982)
Diversification Strategy, Accounting Determined Risk, and Accounting Determined ReturnAcademy of Management Journal, 25
Stephen Brown, Jerold Warner (1980)
MEASURING SECURITY PRICE PERFORMANCEJournal of Financial Economics, 8
P. Elgers, John Clark (1980)
Merger Types and Shareholder Returns: Additional EvidenceFinancial Management, 9
Bradley Bradley, Anand Anand, Han Kim Han Kim (1983)
The rationale behind interfirm tender offersJournal of Financial Economics, 11
D. Lecraw (1984)
Diversification Strategy and PerformanceJournal of Industrial Economics, 33
R. Rumelt (1974)
Strategy, structure, and economic performance
Richard Ruback, M. Jensen (2002)
The Market for Corporate Control: The Scientific EvidenceCorporate Finance: Governance
T. Langetieg (1978)
An application of a three-factor performance index to measure stockholder gains from mergerJournal of Financial Economics, 6
Harbir Singh (1984)
Corporate acquisitions and economic performance
G. Jarrell, James Brickley, Jeffry Netter (1988)
The Market for Corporate Control: The Empirical Evidence Since 1980Journal of Economic Perspectives, 2
M. Bradley, Anand Desai, Ehlim Kim (1988)
Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firmsJournal of Financial Economics, 21
O. Williamson (1979)
Transaction-Cost Economics: The Governance of Contractual RelationsThe Journal of Law and Economics, 22
Paul Rubin (1973)
The Expansion of FirmsJournal of Political Economy, 81
K. Boulding, J. Bain (1957)
Barriers to New Competition: Their Character and Consequences in Manufacturing Industries.Administrative Science Quarterly, 2
Miller Miller (1973)
Concentration and marginal concentration advertising and diversity: three issues in structure‐performance testsIndustrial Organization Review, 1
Peter Dodd (1980)
Merger proposals, management discretion and stockholder wealthJournal of Financial Economics, 8
P. Halpern (1973)
Empirical Estimates of the Amount and Distribution of Gains to Companies in MergersThe Journal of Business, 46
R. Caves (1981)
Diversification and Seller Concentration: Evidence from Changes, 1963-72The Review of Economics and Statistics, 63
W. Ouchi, O. Williamson (1977)
Markets and Hierarchies: Analysis and Antitrust Implications.Administrative Science Quarterly, 22
M. Bradley, Anand Desai, E.Han Kim (1983)
THE RATIONALE BEHIND INTERFIRM TENDER OFFERS Information or SynergyJournal of Financial Economics, 11
Paul Malatesta (1983)
The wealth effect of merger activity and the objective functions of merging firmsJournal of Financial Economics, 11
This research investigates the conceptual argument that acquisitions which are related in product/market or technological terms create higher value than unrelated acquisitions. Related acquisitions are found to have greater total dollar gains than unrelated acquisitions. Acquired firms in related acquisitions have substantially higher gains than acquired firms in unrelated acquisitions. These findings indicate that related target firms benefit more from acquisition than unrelated target firms. Implications of these findings for managers are discussed.
Strategic Management Journal – Wiley
Published: Jul 1, 1987
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.