Railway Mergers in the Early Twentieth Century: An Exploratory Study
Globally, the late eighteenth and nineteenth century is characterized by a transportation revolution. Railways had an eminent role and were claimed as the principal single determinant of the levels of investment, national income and employment of local and international governments. At the turn of the century, railways witnessed a period of consolidation with many railway companies merged and nationalised in many parts of the world. It is in this background that the study aims to explore various causative factors behind the wave of Mergers and Acquisitions (M&A) activity during 1880-1910.
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