Narrow search
Showing 1 - 10 of 1,700
Cover Image
Cross-Border Mergers and Acquisitions
Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - National Bureau of Economic Research - 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/10013435159
Cover Image
World Markets for Mergers and Acquisitions
Erel, Isil - 2009
Despite the fact that one-third of worldwide mergers involve firms from different countries, the vast majority of the academic literature on mergers studies domestic mergers. What little has been written about cross-border mergers has focused on public firms, usually from the United States. Yet,...
Persistent link: https://www.econbiz.de/10012463518
Cover Image
Swedish Firms Acquired by Foreigners : A Comparison of Before and After Takeover
Lipsey, Robert E. - 1982
relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output … year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The …
Persistent link: https://www.econbiz.de/10012478083
Cover Image
Fire-sale FDI or Business as Usual?
Alquist, Ron - 2013
Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called "fire-sale FDI". Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental...
Persistent link: https://www.econbiz.de/10012459824
Cover Image
Foreign direct investment
Froot, Kenneth (ed.) - 1993
Persistent link: https://www.econbiz.de/10000881399
Cover Image
CEO Compensation and Cash-Flow Shocks : Evidence from Changes in Environmental Regulations
Choi, Seungho; Levine, Ross; Park, Jonghyeon; Xu, Simon - National Bureau of Economic Research - 2024
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...
Persistent link: https://www.econbiz.de/10014486193
Cover Image
Selfish Corporations
Colonnelli, Emanuele; Gormsen, Niels; McQuade, Timothy - National Bureau of Economic Research - 2022
Motivated by the public debate regarding corporate responsibility, we construct a memory-based model of decision-making to illustrate how corporate and political communication can impact policy preferences. We test the predictions of our model in a new large-scale survey of U.S. citizens on...
Persistent link: https://www.econbiz.de/10013435138
Cover Image
Custom Proxy Voting Advice
Hu, Edwin; Malenko, Nadya; Zytnick, Jonathon - National Bureau of Economic Research - 2024
This paper studies institutional investors' decision-making using novel data from a major proxy advisor. We highlight the significant role of customized proxy advice in shaping shareholders' voting decisions. About 80% of funds receive customized advice, and custom recommendations differ...
Persistent link: https://www.econbiz.de/10014576588
Cover Image
How Merger Synergies Can Harm Consumers : A Defense of the Efficiencies Offense
Wollmann, Thomas G. - National Bureau of Economic Research - 2024
traditional merger analysis. Neither subsequent entry nor follow-on mergers necessarily mitigate the problem …
Persistent link: https://www.econbiz.de/10014576659
Cover Image
Job Transitions and Employee Earnings After Acquisitions : Linking Corporate and Worker Outcomes
Arnold, David; Milligan, Kevin; Moon, Terry; Tavakoli, … - National Bureau of Economic Research - 2023
This paper connects changes in employer characteristics through job transitions to employee earnings following mergers and acquisitions (M&As). Using firm balance sheet data linked to individual earnings data in Canada and a matched difference-in-differences design, we find that after M&As...
Persistent link: https://www.econbiz.de/10014436997