Research note and communication mergers that last: A predictable pattern?
研究了1967至1969年间美国上市公司完成的434起大型并购的当前所有权，发现多数并购仍由收购方持有，无关并购的转售率略高于相关并购但不显著，挑战了当时无关并购普遍失败的观点。
Abstract This paper examines the current ownership of 434 large acquisitions made by publicly traded U.S. firms between 1967 and 1969. It is found that the majority of these acquisitions are still held by the acquiring firms. Unrelated acquisitions were resold at a moderately higher, though not significantly different, rate than related acquisitions. These results are discussed in the context of the commonly held view that unrelated acquisitions of that period were poorly conceived additions.