sult could only be beneficial for the economy as a whole, as well as for the corporate equity shareholder and organizational employees. As observed in the problem statement above, however, aperusal of the matter brings to light some findings and contentions which lead to less sanguine conclu sions.
In the contemporary period, thus, it is desirable to care fully examine the consequences of corporate diversification brought about by acquisition, merger, and consolidation activ ity. The proposed research study will provide this necessary examination.
7R. I. Robinson, and D. Wrightsman, Financial Markets: The Accumulation and Allocation of Wealth, Fourth Edition (New York: McGraw Hill Book Company, 1989), p. 106.
8R. Brealey, and S. Myers, Principles of Corporate Finance, Third Edition (New York: McGraw Hill Book Company, 1989), p. 156.
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