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In this paper, we analyse the short-term wealth effects of large (intra)European takeover bids. We find large …
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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 negative abnormal stock returns and accounting performance is due to a …
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We study the accounting and stock performance of 4,547 US acquisitions during 1989 and 2008. We categorise acquisitions … accounting performance. First, we compare the bidder, bid and target characteristics across the four types of acquisitions. We …
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There is a growing controversy as to the impact of private equity acquisitions, especially in terms of their impact on employment and subsequent organizational performance. It has been suggested that closer owner supervision and the injection of a new management team revitalize the acquired...
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