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Consolidation waves
Berg, Ward A. van den; Smit, Han T. J. - 2007
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10011372521
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Consolidation Waves
Berg, Ward A. van den; Smit, Han T.J. - Tinbergen Institute - 2007
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10005137156
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Consolidation Waves
Berg, Ward A. van den; Smit, Han T.J. - Tinbergen Instituut - 2007
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10011257223
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Buying to Sell: A Theory of Buyouts
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2010
Private equity owned firms have more leverage, more intense compensation contracts, and higher productivity than comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are more aggressive in inducing restructuring compared to...
Persistent link: https://www.econbiz.de/10010320382
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Consolidation waves
Berg, Ward A. van den; Smit, Han T. J. - 2007
Persistent link: https://www.econbiz.de/10003482665
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Acquisitions as a Real Options Bidding Game
Smit, Han T.J.; van den Berg, Ward A.; Maeseneire, Wouter De - 2004
expected target value, and uncertainty, determine value appropriation in acquisitions. …
Persistent link: https://www.econbiz.de/10010325204
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Acquisitions as a real options bidding game
Smit, Han T. J.; Berg, Ward A. van den; De Maeseneire, … - 2005
expected target value, and uncertainty, determine value appropriation in acquisitions. …
Persistent link: https://www.econbiz.de/10011337396
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A theory of gazelle growth: Competition, venture capital finance and policy
Kaya, Mehmet Caglar; Persson, Lars - 2019
This paper proposes a theory of gazelle growth in which gazelles can either grow organically or by acquisitions. In the … that financial support for the organic growth of gazelles can increase gazelles' growth by acquisitions since incumbents …
Persistent link: https://www.econbiz.de/10012145516
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Buying to Sell: A Theory of Buyouts
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2010
Private equity owned firms have more leverage, more intense compensation contracts, and higher productivity than comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are more aggressive in inducing restructuring compared to...
Persistent link: https://www.econbiz.de/10008476275
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Germany as an emerging archipelago economy: On some less obvious implications of corporate takeovers and mergers
Zademach, Hans-Martin - In: CESifo Forum 07 (2006) 1, pp. 40-45
Persistent link: https://www.econbiz.de/10011695831