Mergers and the Market for Corporate Control

Dennis C. Mueller

in The Oxford Handbook of Capitalism

Published in print April 2012 | ISBN: 9780195391176
Published online November 2012 | | DOI:

Series: Oxford Handbooks

Mergers and the Market for Corporate Control


This article begins by reviewing some stylized facts. These facts pose some puzzling questions that must be answered, if we are to understand the role mergers play in capitalist systems. It then turns to the evidence of their effects on profitability, efficiency, and shareholder wealth. This evidence is used to resolve some of the questions raised by the stylized facts about mergers.

Keywords: mergers; capitalism; capitalist system; profitability; efficiency; shareholder wealth

Article.  12804 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

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