Average Reviews:
(More customer reviews)This book attracted a lot of attention from the Federal Trade
Commission, who regulates mergers in the U.S. In fact, they organized a Research Roundtable around the book in December 2002 (see http://www.ftc.gov/be/rt/mergerroundtable.htm for the transcripts). Although the math is strenuous, there is plenty of explanatory material here to make this interesting to students and practitioners of mergers.
Click Here to see more reviews about: Mergers and Efficiency: Changes Across Time (The Milken Institute Series on Financial Innovation and Economic Growth)
Mergers And Efficiency: Changes Across Time focuses on one aspect of the corporate finance revolution that restructured Corporate America and led to the longest expansion in U.S. history - changes in rates of merger efficiency. Demystifying this most controversial and dynamic period of U.S. economic history is key to understanding the business, financial and economic innovations that defined the last two decades of the 20th century. In addition, it is important to create a careful empirical understanding of the conditions under which merger activity increased or decreased firm efficiency, industrial productivity, and overall improvements in aggregate output and economic performance.
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