The performance impact of strategic similarity in horizontal mergers: Evidence from the U.S. banking industry

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131 Scopus citations

Abstract

This study examined the impact of strategic similarities between target and bidder firms on changes in postmerger performance. Set in the U.S. banking industry, the empirical examination shows that mergers between banks exhibiting similar strategic characteristics result in better performance than those involving strategically dissimilar banks.

Original languageEnglish (US)
Pages (from-to)697-715
Number of pages19
JournalAcademy of Management Journal
Volume40
Issue number3
DOIs
StatePublished - Jun 1997

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ASJC Scopus subject areas

  • Business and International Management
  • Business, Management and Accounting(all)
  • Strategy and Management
  • Management of Technology and Innovation

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