The performance impact of strategic similarity in horizontal mergers: Evidence from the US banking industry

• 成果类型: Article
• 署名作者: Ramaswamy, K
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/257059
• 发表日期: 1997
• 页码: 697-715
• 关键词: CORPORATE ACQUISITION; profitability; firm

摘要

This study examined the impact of strategic similarities between target and bidder firms on changes in postmerger performance. Set in the U.S. banking industry, the empirical examination shows that mergers between banks exhibiting similar strategic characteristics result in better performance than those involving strategically dissimilar banks.