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partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains … examining how merger bids and terminations affect the relative values of bidders attempting diversifying and focusing takeovers …
Persistent link: https://www.econbiz.de/10005837001
In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...
Persistent link: https://www.econbiz.de/10005835562
, which includes the pre-merger years and the post-merger years. This study attempts to evaluate technical efficiency … latter accounted for 0.2% decline; (3) the merger process led to productivity improvements whereby, it is observed that the … productivity of Malaysia’s banking sector has been improved (in terms of efficiency) after the implementation of merger program for …
Persistent link: https://www.econbiz.de/10005837412
This paper investigates the information environment during and after a corporate break-up utilizing direct measures of information asymmetry developed in the market microstructure literature. The analysis is based on all corporate break-ups in the United States in the period 1995-2005. The...
Persistent link: https://www.econbiz.de/10005619983
The study examines the value creation of Merger and Acquisition (M&A) deals in European Banking from 1990-2004. This is …
Persistent link: https://www.econbiz.de/10009151561
This study examines the response of Greek bank stock prices to the announcement of intended mergers and acquisitions(M&As)during the period 1998-1999, applying a standard event study methodology. The results show that both the acquiring banks and, albeit to a lesser extent, the target banks...
Persistent link: https://www.econbiz.de/10009151590
We document the association between a firm's payout policy and its stock's liquidity. In particular, we show that dividend-paying firms have a more liquid market for their stock and measures of a stock's liquidity is positively linked to its probability of being a dividend payer. Furthermore,...
Persistent link: https://www.econbiz.de/10008871305
It is worth mentioning that a great deal of financial liberalization, privatization and internationalization policies in emerging economies have significantly increased the corporate restructuring activities like mergers, acquisitions, share repurchases, and stock splits, among others. Indeed,...
Persistent link: https://www.econbiz.de/10011110702
–2008 global financial crisis has negatively affected both CB-M&A sale and purchase transactions all over the world from 2008 to …
Persistent link: https://www.econbiz.de/10011111203
This paper investigates the internet corporate reporting practices of Greek listed companies. The aim is twofold: to contribute to the growing literature by examining internet corporate reporting for a small open European capital market; and to present a model of online dissemination of...
Persistent link: https://www.econbiz.de/10011113183