Merger and innovation: the case of the oil and gas industry
Altmetrics
Abstract
Many studies in the late 1990’s concerning the internet and information technology industries show that innovation is the main reasons for company mergers. This dissertation attempts to explain whether merger activities in the oil and gas industry were motivated for the same main reasons as merger activities in the internet and information technology industries. The dissertation is divided into two parts. The first part of the study, using the event study and panel data methodology, examines whether positive impact hypotheses dominate the merger activities. The four benchmark models for normal ...
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