Professor Sagers Publishes on Mergers

Chris Sagers, the James A. Thomas Professor of Law, will publish his paper “Why Do Corporations Merge and Why Should Law Care?” in the Michigan Journal of Law Reform. The paper concerns a surprising empirical puzzle that is well-established and significant, but almost completely ignored by American law: that on average, corporate mergers and other acquisitions appear to do no demonstrable good for corporations, their shareholders, or anyone else. Sagers’ paper comprehensively surveys the empirical literature, works through the several serious puzzles it implies, and suggests policy corrections to take better account of it.

This entry was posted in Faculty in the Media. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s