Keywords: Operating synergy
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Journal Articles
Business Analyst Journal (2026) 47 (1): 12–30.
Published: 11 March 2026
... creation of long-term “operating synergies” which is constructive and substantial (Hoberg & Phillips, 2010). In addition, cutbacks in capital expenditure are the most important cause of operating synergies, while market power is not important after acquisition. In addition, both total and operating...

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