The Merger Mystery

Abstract

This book focuses on the economic efficiency of M&A. The distributional aspects of merger activity which are also evident here will be explored further in a sister study, 'Rising Inequality: The Contribution of Corporate Merger'. reviewers. Of course, they bear no responsibility for the outcome.Ha-Joon Chang, Bart Lambrecht, and Christoph Loch provided a very supportive research environment as Directors of Cambridge's Centre for Development Studies, Centre for Finance, and Judge Business School respectively.We have benefitted greatly from the contributions of the OBP teameditors Alessandra Tosi and Melissa Purkiss, as well as Luca Baffa, Laura Rodriguez Pupo and Katy Saunders.Our thanks also go to Arne Fredriksen for kind permission to use his hybrid animal collage 'Chitten' on the cover.