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Imagine that you have reached the pinnacle of your career, and you are sitting in the driver’s seat of a multi-billion dollar enterprise. Business is good, sales are up, and the stock market responds to your company’s performance. In such circumstances, a chief executive officer (CEO) may...
Persistent link: https://www.econbiz.de/10008549644
the form of mergers and acquisitions followed by the firms in the Indian pharmaceutical industry. The study found that …
Persistent link: https://www.econbiz.de/10005620025
Previous research on the impact of currency risk on stock returns has failed to find a significant role for foreign exchange rates. This paper addresses several explanations of this finding with a unique dataset of U.S. firms that acquire targets in other countries. The dataset allows estimation...
Persistent link: https://www.econbiz.de/10005621999
Purpose: Mergers and acquisitions (M&A) have become a popular vehicle for domestic as well as international companies …
Persistent link: https://www.econbiz.de/10011107682
Consolidation, Combination and Diversification (CCD’s) in the emerging globalized market leads to competition and escalating the monopoly power. Given the increasing liberalization of rules, regulations and law, a number of firms are going beyond national borders and making deals triumphant....
Persistent link: https://www.econbiz.de/10011110076
In our sample of 1,937 US mergers (1995 to 2011), 8.4 percent of all targets received oers with negative premiums where … liquidity and `hidden earnouts', where target shareholders participate in the bidder's share of joint synergies, can explain …
Persistent link: https://www.econbiz.de/10011110570
removing the competition concerns that mergers can determine. …
Persistent link: https://www.econbiz.de/10011113974
This aim of this paper is twofold. First it examines the determinants of acquisitions and divestitures of Dutch firms … in the period 1996-2004. Second, it investigates the impact of acquisitions and divestitures on the firm’s innovative … involved in acquisition activities than non-innovating firms, which suggests that acquisitions are a strategy to gain access to …
Persistent link: https://www.econbiz.de/10005787147
A principal wants two sequential tasks to be performed by wealth-constrained agents. When the tasks are conflicting (i.e., when a first-stage success makes second-stage effort less effective), the principal's profit-maximizing way to induce high efforts is to hire one agent to perform both...
Persistent link: https://www.econbiz.de/10009650662
Bidders in procurement auctions often face avoidable fixed costs. This can make bidding decisions complex and risky, and market outcomes volatile. If bidders deviate from risk neutral best responses, either due to faulty optimization or risk attitudes, then equilibrium predictions can perform...
Persistent link: https://www.econbiz.de/10009211215