The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?
Open accessAbstract
We analyze the market for corporate assets. There is an active market for corporate assets, with close to seven percent of plants changing ownership annually through mergers, acquisitions, and asset sales in peak expansion years. The probability of asset sales and whole‐firm transactions is related to firm organization and ex ante efficiency of buyers and sellers. The timing of sales and the pattern of efficiency gains suggests that the transactions that occur, especially through asset sales of plants and divisions, tend to improve the allocation of resources and are consistent with a simple neoclassical model of profit maximizing by firms.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
On the Size Distribution of Business Firms
Lucas, R. E. (1978) · The Bell Journal of Economics · doi:10.2307/3003596 · Cited by 3,236
Cited by
Syverson, C. (2011) · Journal of Economic Literature · doi:10.1257/jel.49.2.326 · Cited by 2,942
Harford, J. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.05.004 · Cited by 1,505
Corporate Innovations and Mergers and Acquisitions
BENA, J., & LI, K. (2014) · The Journal of Finance · doi:10.1111/jofi.12059 · Cited by 869
Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? Theory and Evidence
Maksimovic, V., & Phillips, G. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00440 · Cited by 758
Self-citationEffects of Corporate Diversification on Productivity
Schoar, A. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00500 · Cited by 744
Metadata
- Authors
- Maksimovic, V., & Phillips, G.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2001-12
- Volume
- 56
- Issue
- 6
- Pages
- 2019-2065
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W3126077399
- Cited by
- 899
- References
- 1
- FWCI
- 61.30
- Type
- journal article
- Language
- en
- Open access
- bronze
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains? https://app.cochat.ai/papers/10.1111/0022-1082.00398
- The paper
- Maksimovic, V., & Phillips, G. (2001). The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains? The Journal of Finance. https://doi.org/10.1111/0022-1082.00398
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
