How are mergers beneficial : a look at operating efficiencies, taxes and market power as sources of synergies in Singapore.

• Main Authors: Tan, Kian Tiong., Yeo, Xin He., Tan, Xuan.
• Other Authors: Lau Sie Ting
• Format: Final Year Project
• Language: English
• Published: 2010
• Subjects: DRNTU::Business::Finance::Mergers and acquisitions
• Online Access: http://hdl.handle.net/10356/38693
• Institution: Nanyang Technological University

Evidence in literature today regarding the underlying sources of synergies for mergers in Singapore is non-substantial. Past research indicates that these synergies are a result of tax shields, productive efficiencies and market power. In a sample consisting of 48 mergers, we estimate average gains...