Abstract:
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The aim of this paper is to analyse the impact of Mergers and Acquisitions on firm growth
for Software firms located in Catalonia. We investigate firms which are targeting, or are
themselves the target of an acquisition and we find that the impact on is heterogeneous; there
appear to be positive and negative impacts on productivity and sales growth rate. This paper
contributes to the understanding of the M&A process in this young industry characterised
by an exponential growth and how such activity interacts with the growth and productivity
of the firms involved.
Keywords: Software industry, Mergers and acquisitions, firm growth, Catalonia.
JEL Codes: D22, C33, L86, O30 |