Evaluating Merger Performance
综述了评估并购绩效的实证证据，分析了并购双方相对收益、风险特征变化及运营结果变化，对潜在收购方和被收购方的高管有重要参考价值。
This article surveys the available empirical evidence assessing merger performance; its conclusions are important to the senior management of both potential acquirers and firms seeking to be acquired. The authors examine relative gains to the merging units, changes in their risk characteristics, and changes in the operating results of the merging firms.