Organization capital and mergers and acquisitions

Using a sample of completed U.S. acquisition deals over the period 1984–2014, we find that acquirer organization capital as measured by capitalized selling, general, and administrative (SG&A) expenses is associated with superior deal performance. We show that high organization-capital acquirers...

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Bibliographic Details
Main Authors: Li, Kai, Qiu, Buhui, Shen, Rui
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2019
Subjects:
Online Access:https://hdl.handle.net/10356/81315
http://hdl.handle.net/10220/47617
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Institution: Nanyang Technological University
Language: English