Economic booms, innovations, and the popular culture
نویسندگان
چکیده
منابع مشابه
Merger Clusters during Economic Booms
Merger activity is intense during economic booms and subdued during recessions. This paper provides a non-financial explanation for this observable pattern. We construct a model in which the target—by setting the takeover price—screens the acquirer on his (expected) ability to realize synergy gains when merging. In an economic boom, it is less profitable to sort out relatively “bad fit” acquire...
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ژورنال
عنوان ژورنال: Economy and History
سال: 1960
ISSN: 0070-8852
DOI: 10.1080/00708852.1960.10418976