| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089128 | Journal of Banking & Finance | 2013 | 11 Pages |
Abstract
⺠We examine the target-acquirer pairing process in mutual fund mergers. ⺠Synergy is measured by comparing commonalities in holdings characteristics. ⺠Mergers between funds with greater commonalities realize superior performance. ⺠These benefits transcend lower rebalancing costs, suggesting synergistic benefits between merging funds. ⺠Entrenched boards are related to greater mismatches between merging funds.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Ethan Namvar, Blake Phillips,