| The primary goal of this dissertation is the realization of an empirical study of mergers and acquisitions exclusively involving companies of the North American Pulp and Paper Industry, between 1990 and 1998. To do this, we determined a set of variables that are potentially able to translate the incentives of bidders and the attractiveness of targets. These choices were inspired by the existing theoretical and empirical literature. Various statistical tests were conducted on these variables to validate our hypotheses. This analysis has enabled us to determine if the results obtained are comparable to the results of similar studies that utilize heterogeneous samples. Furthermore, we can also verify other hypotheses that are difficult to test in conventional samples. |
