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Corporate Governance Convergence: Evidence From Takeover Regulation Reforms in Europe
Goergen, Marc; Martynova, Marina; Renneboog, Luc - School of Economics, Universiteit Utrecht - 2005
This paper contributes to the research on corporate governance by predicting the effects of European takeover … regulation. In particular, we investigate whether the recent reforms of takeover regulation in Europe are leading to a … collected the main changes in takeover regulation. We assess whether a process of convergence towards the Anglo …
Persistent link: https://www.econbiz.de/10005040861
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Strong Managers and Passive Institutional Investors in the UK
Goergen, Marc; Renneboog, Luc - 1999
than 30 per cent. The ownership structure is also shaped by regulation; the mandatory takeover threshold of 30%, for …
Persistent link: https://www.econbiz.de/10011608485
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Index membership vs. loss of voting power : the unification of dual-class shares
Betzer, André; Bongard, Inga van den; Goergen, Marc - 2017 - This version: March 2017
A change in the index selection rules of Deutsche Börse provides a unique opportunity to investigate the drivers behind the decision to a bolish dual-class shares. As of June 2002, selection is based on the market capitalization of the free-float of the more liquid share class rather than the...
Persistent link: https://www.econbiz.de/10011794012
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Index membership vs. loss of voting power : the unification of dual-class shares
Betzer, André; Bongard, Inga van den; Goergen, Marc - In: Journal of international financial markets, … 49 (2017), pp. 140-153
Persistent link: https://www.econbiz.de/10011892387
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The Market for Non-Executive Directors : Does Acquisition Performance Influence Future Board Seats?
Goergen, Marc - 2018
This paper investigates whether non-executive directors associated with good (bad) board decisions are subsequently rewarded (penalized) in the market for directors. This question is addressed by assessing whether the post-acquisition performance of acquiring companies influences the number of...
Persistent link: https://www.econbiz.de/10012929029
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Strong managers and passive institutional investors in the UK
Goergen, Marc; Renneboog, Luc - 1999
Persistent link: https://www.econbiz.de/10001375067
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Disentangling the link between stock and accounting performance in acquisitions
Betzer, André; Goergen, Marc - 2011
While empirical studies that use event-study methodology find on average that the gains from mergers and acquisitions are positive, those focusing on accounting figures tend to find a significant drop in performance. We argue that each of the four possible combinations between positive or...
Persistent link: https://www.econbiz.de/10009269890
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Disentangling the Link between Stock and Accounting Performance in Acquisitions
Betzer, André - 2015
We study the accounting and stock performance of 4,547 US acquisitions during 1989 and 2008. We categorise acquisitions into four types based on the four possible combinations of positive or negative abnormal stock performance and abnormal accounting performance. First, we compare the bidder,...
Persistent link: https://www.econbiz.de/10013039332
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Investment policy, internal financing and ownership concentration in the UK
Goergen, Marc (contributor); Renneboog, Luc (contributor) - 2000 - [Elektronische Ressource]
This paper investigates whether investment spending of firms is sensitive to the availability of internal funds. Imperfect capital markets create a hierarchy for the different sources of funds such that investment and financial decisions are not independent. The relation between corporate...
Persistent link: https://www.econbiz.de/10001537200
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Disentangling the link between stock and accounting performance in acquisitions
Betzer, André; Goergen, Marc - 2011
While empirical studies that use event-study methodology find on average that the gains from mergers and acquisitions are positive, those focusing on accounting figures tend to find a significant drop in performance. We argue that each of the four possible combinations between positive or...
Persistent link: https://www.econbiz.de/10010291123