Growing through the merger and acquisition
The paper studies with an endogenous growth model how the merger and acquisition (M&A) affects the aggregate growth rate. We model the M&A as a capital reallocation process, which can increase both productivity and growth rates of firms. The model is tractable and greatly consistent with pat...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2017
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/2205 https://ink.library.smu.edu.sg/context/soe_research/article/3204/viewcontent/Growing_through_the_merger_and_acquisition.pdf |
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| Institution: | Singapore Management University |
| Language: | English |