Corporate Acquisitions and the Operating Performance of Malaysian Companies
We report improvements in long run operating performance for a sample of Malaysian companies that made acquisitions over the period 1988-1992. As the sample selected consists of acquisitions of private target companies, the analysis allows us to focus on the possibility of changes arising from non-disciplinary sources. The reported improvements do not appear to have been achieved by sacrificing the long-term viability of the combined firms in pursuit of shortterm objectives. However, as the target companies in the current study were previously privately-owned businesses, researchers and policy makers should be wary before generalising from these results. Copyright Blackwell Publishers Ltd, 2004.
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Volume (Year): 31 (2004-04)
Issue (Month): 3-4 ()
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