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An Anatomy of Serial Acquirers, M&A Learning, and the Role of Post-Merger Integration
Kengelbach, Dr. Jens - 2012
takeover performance, focusing on the benefits of organizational learning and the detriments of post-merger integration (PMI …
Persistent link: https://www.econbiz.de/10013113821
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Return to Invested Capital and the Performance of Mergers and Acquisitions
Qian, Jun - 2017
We evaluate the efficiency of capital deployment for acquiring firms before M&As, defined as the return on invested capital net of the cost of capital, and link this measure to firms' post-acquisition performance. Acquirers with higher, pre-acquisition net returns on investment have superior...
Persistent link: https://www.econbiz.de/10012973061
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SPACs : post-merger survival
Vulanovic, Milos - 2016
their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the … determining post-merger outcomes of new company, specifically when it comes to their suvival/failure. Namely, increases in pre-merger … commitment by SPAC stakeholders and initial positive market performance increase post-merger survival likelihood. On the contrary …
Persistent link: https://www.econbiz.de/10011567362
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The canonical correlation analysis between the fitness of organizational condition and integration possibility : the evidence of configurational approach
Wang, Yin-ying; Lin, Shang-ping; Fang, Ching-han; Lo, … - In: International journal of management, economics and … 4 (2015) 3, pp. 92-107
In past literature, most studies discussed organizational fit from a single perspective instead of examining the positive and negative effects of high and low organizational fit through a comprehensive and concrete narrative and integrated concept. Furthermore, most studies attempted to explain...
Persistent link: https://www.econbiz.de/10011379546
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Post-acquisition operating performance of acquiring firms following cross-border mergers and acquisitions
Khan, Aamir; Kalisz, David - In: Economies : open access journal 12 (2024) 7, pp. 1-14
This study investigates the firms' performance following cross-border mergers and acquisitions (M&As) from 2000 to 2022, employing the generalized method of moments (GMM) technique within the French context. Grounded in the theories of organizational learning and the institutional-based view,...
Persistent link: https://www.econbiz.de/10014636183
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SPACs with focus on China
Shachmurove, Yochanan; Vulanovic, Milos - 2014 - Preprint, February 8th, 2014
In this study, we examine characteristics of Specified Purpose Acquisition Companies (SPACs) used as a financing tool for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse mergers focusing on China, SPACs that focus on China are...
Persistent link: https://www.econbiz.de/10010372686
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SPAC IPOs
Shachmurove, Yochanan; Vulanovic, Milos - 2018
Specified Purpose Acquisition Companies (SPACs) are a special type of public companies currently available to investors in financial markets. As an investment vehicle, modern SPACs are traced back to 18-th century England where blank checks were first mentioned as blind pools during the infamous...
Persistent link: https://www.econbiz.de/10011844106
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Post-Merger Integration Duration and Leverage Dynamics of Mergers : Theory and Evidence
Huang, Jing; Pierce, Joshua R.; Tsyplakov, Sergey - 2015
We introduce the concept of the post-merger integration duration (PMID) which is the time delay that it takes a merged … the time of a merger, and gradually levers up as the integration period nears completion. We hand collect a unique data …
Persistent link: https://www.econbiz.de/10013038169
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Cross-Border Mergers and Acquisitions
Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - 2022
One of the most consequential events in any firm’s lifetime is a major acquisition. Because of their importance, mergers and acquisitions (M&As) have been an enormous area of research. However, the vast majority of this research and survey papers summarizing this research have focused on...
Persistent link: https://www.econbiz.de/10014236505
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Creditor Rights, Claims Enforcement, and Bond Performance in Merger and Aqcuisitions
Renneboog, Luc - 2017
This paper shows that country-level differences in creditor protection affect bond performance around cross-border M&A announcements. Using Eurobonds and a global sample of 1,100 cross-border M&As, we find that the bondholders of bidding firms respond more positively to deals that expose their...
Persistent link: https://www.econbiz.de/10012961171