Do Mergers and Acquisitions Improve Efficiency? Evidence from Power Plants.

We analyze acquisitions in US power plants by using rich data on hourly productivity and thousands of ownership changes. We find a 2% average increase in efficiency for acquired plants, beginning 5 months after acquisition. Efficiency gains rise to 5% under direct ownership changes, with no signific...

Descripción completa

Detalles Bibliográficos

Publicado en:	Journal of Political Economy Vol. 134; no. 8; pp. 2262 - 2313
Autores principales:	Demirer, Mert, Karaduman, Ömer
Formato:	Artículo
Publicado:	University of Chicago Press Aug2026
Materias:	United States Labor productivity Resource allocation Mergers & acquisitions Economic efficiency Process optimization Power plants Sale of business enterprises
Acceso en línea:	Ver este registro en EBSCOhost