Bhagat, Sanjai; Dong, Ming; Hirshleifer, David; Noah, Robert - 2004 - [Elektronische Ressource]
management is
prone to agency problems. It further suggests that it is updating about the quality of the
bidder’s investment … opportunities or management, rather than about the advantages of the
combination, that leads to lower returns in diversifying … importance of both synergies and target-specific im-
provements such as removal of bad management. Although the business press …