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Value creation in M&A transactions, conference calls, and shareholder protection
Fraunhoffer, Robert M.; Kim, Ho Young; Schiereck, Dirk - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-21
This study investigates whether conference calls accompanying M&A announcements in Europe provide valuable information for capital market participants and hence induce an abnormal stock price revaluation on the bidder’s equity. Based on handpicked data for transactions between 2008 and 2012 we...
Persistent link: https://www.econbiz.de/10011848217
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CFO Overconfidence and Shareholder Activism
Schreiber, Nicolas; Schiereck, Dirk; Schweizer, Denis - 2022
A key objective of shareholder activists is to persuade a firm’s management to change its strategy. CFOs play an important role in negotiations, nonetheless activism research mainly focuses on CEOs. We examine the relationship between CFO overconfidence and the likelihood to get targeted by...
Persistent link: https://www.econbiz.de/10013295508
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Acquisitions by family businesses in continental Europe and their difference compared to private equity investors
Schüler, Philipp; Mietzner, Mark; Schiereck, Dirk - In: International journal of entrepreneurial venturing 11 (2019) 2, pp. 142-163
Persistent link: https://www.econbiz.de/10012042254
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Shareholder wealth effects of bank mergers and acquisitions in Latin America
Kolaric, Sascha; Schiereck, Dirk - In: Management research : the journal of the Iberoamerican … 11 (2013) 2, pp. 157-177
Persistent link: https://www.econbiz.de/10009793507
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Cross-border acquisitions and shareholder wealth : evidence from the energy industry in Central and Eastern Europe
Bednarczyk, Tomasz P.; Schiereck, Dirk; Walter, Hendrik N. - In: Journal of East European management studies : JEEMS 15 (2010) 2, pp. 106-127
We look at the wealth generated for shareholders of energy assets in Central and Eastern Europe (CEE) by the announcement of cross-border mergers or acquisitions involving a bidder from a Western industrialized country between 1995 and 2005. The impact on both the performance improvements at the...
Persistent link: https://www.econbiz.de/10009786392
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Value creation by block acquisitions and the importance of block owner identity
Mietzner, Mark; Schiereck, Dirk - In: Finance research letters 17 (2016), pp. 118-124
Persistent link: https://www.econbiz.de/10011596250
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Wealth effects of convertible bond issues : further evidence of agency costs and managerial entrenchment
Fink, Christopher; Schiereck, Dirk; Vogt, Joachim - In: Corporate ownership & control : international … 7 (2009/10) 4, pp. 34-49
Persistent link: https://www.econbiz.de/10003990046
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The Consolidation of the Global Brewing Industry and Wealth Effects from Mergers and Acquisitions
Mehta, Ramit - 2013
effects of horizontal mergers and acquisitions on acquirers in the brewing industry. Based on a sample of 69 takeover …
Persistent link: https://www.econbiz.de/10013090726
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Value creation in M&A transactions, conference calls, and shareholder protection
Fraunhoffer, Robert; Kim, Ho Young; Schiereck, Dirk - In: International Journal of Financial Studies 6 (2018) 1, pp. 1-21
This study investigates whether conference calls accompanying M&A announcements in Europe provide valuable information for capital market participants and hence induce an abnormal stock price revaluation on the bidder's equity. Based on handpicked data for transactions between 2008 and 2012 we...
Persistent link: https://www.econbiz.de/10011996071
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The Role of Sovereign Wealth Funds as Activist or Passive Fund Managers
Mietzner, Mark - 2015
managers acquire stakes in foreign publicly listed firms 1) to play an active role which would support concerns or 2) passively …, pay higher dividends and have a higher financial stability than their industry peers. This is in line with SWF managers … operating or market performance after the engagement of SWF. Overall, our results indicate strong evidence that SWF managers …
Persistent link: https://www.econbiz.de/10013016679