Browsing College of Agriculture, Food and Natural Resources (MU) by Title "Were the Acquisitive Conglomerates Ineffective?"
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Were the Acquisitive Conglomerates Ineffective?
(Blackwells, 2001-01)This article challenges the conventional wisdom that the 1960s conglomerates were inefficient. I offer valuation results consistent with recent event-study evidence that markets typically rewarded diversifying acquisitions. ...