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European takeover law : the case for a neutral approach
Enriques, Luca - 2010
This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time … current EC legal framework for takeovers overall hinders takeover activity in the EU, the paper identifies three rationales …
Persistent link: https://www.econbiz.de/10008728815
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As American as Apple Inc. : international tax and ownership nationality
Sanchirico, Chris William - 2014
The ownership nationality of large US multinational companies plays an implicit but important role in the current debate over how such companies should be taxed. This paper identifies that role and investigates what is actually known about where these companies’ shareholders reside
Persistent link: https://www.econbiz.de/10011387732
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One for all or all for one? : using multiple-listing information in event studies
Gu, Lulu; Reed, W. Robert - 2011 - Rev.
Persistent link: https://www.econbiz.de/10009413648
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Information asymmetry, market segmentation and cross-listing : implications for event study methodology
Gu, Lulu; Reed, W. Robert - 2012
Persistent link: https://www.econbiz.de/10009562961
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Liquidity events and returns of EIF-backed VC investments
Prencipe, Dario - 2017
Despite the sometimes intensive media coverage and exuberant storytelling around the industry, venture capital (VC) investors tend to operate in highly opaque markets. On this premise, this work contributes to the literature via a hand-collected dataset of about 3,600 EIF-backed VC investments...
Persistent link: https://www.econbiz.de/10011863286
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Monitoring managers : does it matter?
Cornelli, Francesca; Kominek, Zbigniew; Ljungqvist, … - 2010
We test under what circumstances boards discipline managers and whether such interventions improve performance. We exploit exogenous variation due to the staggered adoption of corporate governance laws in formerly Communist countries coupled with detailed ‘hard’ information about the...
Persistent link: https://www.econbiz.de/10008702077
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What is different about government-controlled acquirers in cross-border acquisitions?
Karolyi, G. Andrew; Liao, Rose C. - 2010
We examine the motives for and consequences of 5,317 failed and completed cross-border acquisitions constituting $619 billion of total activity that were led by government-controlled acquirers over the period from 1990 to 2008. We benchmark this activity at the aggregate country level and also...
Persistent link: https://www.econbiz.de/10008702754
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Are there waves in merger activity after all?
Gärtner, Dennis (contributor); Halbheer, Daniel (contributor) - 2004 - September 2004, revised February 2006
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model. Using quarterly data covering the last thirty years, for the US, we identify the beginning of a merger wave in the mid 1990s but not the much-discussed 1980s merger wave. We argue...
Persistent link: https://www.econbiz.de/10002521615
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The effects of privatization on R&D investments and patent productivity
Munari, Federico; Sobrero, Maurizio - 2002
Over the last two decades privatization programs in different countries radically reduced the role of the State as a key player in the economic arena. We use agency theory to discuss the theoretical relationship between changes in the firm's principal-agent structure following privatization, and...
Persistent link: https://www.econbiz.de/10011597627
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The rise of accelerated seasoned equity underwritings
Bortolotti, Bernardo (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003545613