A Theory of Conglomerate Mergers

  title={A Theory of Conglomerate Mergers},
  author={Dennis C. Mueller},
  journal={Quarterly Journal of Economics},
  • D. Mueller
  • Published 1 November 1969
  • Economics
  • Quarterly Journal of Economics
I. The growth maximization hypothesis, 644. — II. The demand and supply of firms when managers maximize stockholder welfare, 648. — III. The demand and supply of firms when managers and stockholders have different expectations, 653. — IV. Differences in discount rates as a cause of mergers, 654. — V. Growth maximization in light of recent merger history, 657. 
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