Similar Search Results

van Marrewijk, Charles; Garita, Gus - 2008

We analyze the economic forces underlying cross-border Mergers and Acquistions (M&As) using a large bilateral panel data set. The frequent occurrence of zero observations provides essential information on the structure of M&A flows, which we model empirically using a two-stage procedure. At the...

Persistent link: https://www.econbiz.de/10010325980

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

The Political Economy of Dominant Investors

Perotti, Enrico C.; von Thadden, Ernst-Ludwig - 2004

We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...

Persistent link: https://www.econbiz.de/10010325240

Consolidation Waves

van den Berg, Ward A.; 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/10010325365

Winning by Losing: Evidence on Overbidding in Mergers

Malmendier, Ulrike; Moretti, Enrico; Peters, Florian - 2011

Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder …

Persistent link: https://www.econbiz.de/10010326182

How do start-up acquisitions affect the direction of innovation?

Dijk, Esmée S. R.; Moraga-González, José Luis; … - 2021

relative to what is socially optimal. Moreover, prohibiting acquisitions may increase or decrease consumer surplus. The more …, the more likely is that consumers benefit (suffer) following an acquisition. These results are robust to acquisitions …

Persistent link: https://www.econbiz.de/10012797223

Corporate acquisitions and bank relationships

Volosovych, Vadym; Poelhekke, Steven; Vlahu, Razvan - 2021

dynamics of bank relationships after corporate acquisitions and the effects of changing banks on firm performance. Foreign …

Persistent link: https://www.econbiz.de/10012797240

Cheap but Flighty: How Global Imbalances create Financial Fragility

Perotti, Enrico; Ahnert, Toni - 2015

Can a wealth shift to emerging countries explain instability in developed countries? Investors exposed to political risk seek safety in countries with better property right protection. This induces private intermediaries to offer safety via inexpensive demandable debt, and increase lending into...

Persistent link: https://www.econbiz.de/10011288384

The role of asymmetry and uncertainties in the capital flows- Economic Growth Nexus

Raheem, Ibrahim Dolapo; Le Roux, Sara; Asongu, Simplice - 2019

This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990-2017. It further argues that uncertainty is an important channel through which asymmetry operates. As such, the three measures of uncertainty are macroeconomic, fiscal and...

Persistent link: https://www.econbiz.de/10012112215

Interlocking Boards and Firm Performance: Evidence from a New Panel Database

Non, Mariëlle C.; Franses, Philip Hans - 2007

An interlock between two firms occurs if the firms share one or more directors in their boards of directors. We explore the effect of interlocks on firm performance for 101 large Dutch firms using a large and new panel database. We use five different performance measures, and for each...

Persistent link: https://www.econbiz.de/10010325232