Strategic business fits and corporate acquisition: Empirical evidence
研究了1962至1983年间218起并购案例，发现能帮助收购方进入新但相关市场的并购创造最多价值且风险最低。
Abstract A sample of 218 mergers made by randomly selected bidders during 1962 to 1983 is classified by changes in the product market opportunities of the bidder firms. Multivariate regression analysis shows that acquisitions which permit the bidder access to new but related markets create the most value with the least variance.