Corporate Acquisitions and the Operating Performance of Malaysian Companies
研究了1988-1992年间马来西亚公司收购私人目标公司后的长期经营绩效，发现绩效有所改善，且非以牺牲长期生存能力为代价，但提醒研究者谨慎推广结论。
We report improvements in long run operating performance for a sample of Malaysian companies that made acquisitions over the period 1988–1992. As the sample selected consists of acquisitions of private target companies, the analysis allows us to focus on the possibility of changes arising from non‐disciplinary sources. The reported improvements do not appear to have been achieved by sacrificing the long‐term viability of the combined firms in pursuit of shortterm objectives. However, as the target companies in the current study were previously privately‐owned businesses, researchers and policy makers should be wary before generalising from these results.