Graduate School of Business, University of Chicago and Simon School, University of Rochester, respectively. We are grateful to Andrew Alford, Paul Asquith, Michael Barclay, Eugene Fama, Stuart Gilson, Paul Healy, Wayne Mikkelson, Krishna Palepu, Peter Pashigian, Ed Rice, Andrei Shleifer, Cliff Smith, René Stulz (the editor), Karen Van Nuys, Robert Vishny, Jerry Zimmerman, an anonymous referee, and seminar participants at the LSE, MIT, the SEC, and the Universities of British Columbia, Chicago, Illinois, Oregon, Rochester, and Washington for helpful comments. Houck Reed provided excellent research assistance. We thank the Center for Research in Security Prices (Kaplan), MERC, and the John M. Olin Foundation (Weisbach) for financial support.
The Success of Acquisitions: Evidence from Divestitures
Article first published online: 30 APR 2012
DOI: 10.1111/j.1540-6261.1992.tb03980.x
1992 The American Finance Association
Additional Information
How to Cite
KAPLAN, S. N. and WEISBACH, M. S. (1992), The Success of Acquisitions: Evidence from Divestitures. The Journal of Finance, 47: 107–138. doi: 10.1111/j.1540-6261.1992.tb03980.x
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Graduate School of Business, University of Chicago and Simon School, University of Rochester, respectively. We are grateful to Andrew Alford, Paul Asquith, Michael Barclay, Eugene Fama, Stuart Gilson, Paul Healy, Wayne Mikkelson, Krishna Palepu, Peter Pashigian, Ed Rice, Andrei Shleifer, Cliff Smith, René Stulz (the editor), Karen Van Nuys, Robert Vishny, Jerry Zimmerman, an anonymous referee, and seminar participants at the LSE, MIT, the SEC, and the Universities of British Columbia, Chicago, Illinois, Oregon, Rochester, and Washington for helpful comments. Houck Reed provided excellent research assistance. We thank the Center for Research in Security Prices (Kaplan), MERC, and the John M. Olin Foundation (Weisbach) for financial support.
Publication History
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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