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Merger negotiations and ex-post regret
Gärtner, Dennis (contributor);  … - 2007
profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes …
Persistent link: https://www.econbiz.de/10003387546
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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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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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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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Business groups as hierarchies of firms : determinants of vertical integration and performance
Altomonte, Carlo; Rungi, Armando - 2013
We explore the nature of Business Groups, that is network-like forms of hierarchical organization between legally autonomous firms spanning both within and across national borders. Exploiting a unique dataset of 270,474 headquarters controlling more than 1,500,000 (domestic and foreign)...
Persistent link: https://www.econbiz.de/10009737190
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On the real effects of bank bailouts : micro-evidence from Japan
Giannetti, Mariassunta; Simonov, Andrei - 2009
Exploiting the Japanese banking crisis as a laboratory, we provide firm-level evidence on the real effects of bank bailouts. Government recapitalizations result in positive abnormal returns for the clients of recapitalized banks. After recapitalizations, banks extend larger loans to their...
Persistent link: https://www.econbiz.de/10008824507
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Firm profits and government activity : an empirical investigation
Jolakoski, Petar; Jovanovic, Branimir; Madjoska, Joana; … - 2021
If firm profits rise to a level far above than what would have been earned in a competitive economy, this might give the firms market power, which might in turn influence the activity of the government. In this paper, we perform a detailed empirical study on the potential effects of firm profits...
Persistent link: https://www.econbiz.de/10012432332
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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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Post-acquisition performance in the short and long-run : evidence from the Copenhagen Stock Exchange 1993 - 1997
Jakobsen, Jan Bo; Voetmann, Torben - 2000
Persistent link: https://www.econbiz.de/10001453567
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Inherited or earned? : Performance of foreign banks in Central and Eastern Europe
Havrylchyk, Olena (contributor); Jurzyk, Emilia (contributor) - 2008
Persistent link: https://www.econbiz.de/10003796073