Abstract
It is now widely recognised that entrepreneurship is not necessarily an individual-centric response to profitable opportunities or synonymous with business start-ups. Corporations or established firms, too, can play an entrepreneurial role. Merger is one means through which two ormore firms can augment their business power, add to their product lines, expand their market reach and achieve various economies of scale. This paper critically reviews the existing literature on the effects of industrial merger and concludes that they are not easy to measure precisely.
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