Abstract
When U.S. firms make large international acquisitions, the unpredicted component of their profits over the next five years increases with the relative size of the acquired firm, degree of product diversification, and reliance on R&D assets. The unpredicted component declines with the acquirer's size, experience, and previous profits. Transitory and longer-run unpredicted components are distinguished.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
