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Privatization and the Market for Corporate Control
Mulherin, J. Harold; Netter, Jeffry M.; Stegemoller, Michael - Economics Department, Claremont McKenna College - 2001
We study the wealth effects of the mergers of privatized firms. Our sample entails 39 privatized firms that subsequently become targets of a takeover and 52 privatized firms that become bidders in mergers. Our results indicate that target firms experience a 12 percent increase in equity value at...
Persistent link: https://www.econbiz.de/10005305043
Cover Image
Privatization and the Market for Corporate Control
Mulherin, J. Harold; Netter, Jeffry M.; Stegemoller, Michael - 2001
We study the wealth effects of the mergers of privatized firms. Our sample entails 39 privatized firms that subsequently become targets of a takeover and 52 privatized firms that become bidders in mergers. Our results indicate that target firms experience a 12 percent increase in equity value at...
Persistent link: https://www.econbiz.de/10010334608
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Privatization and the market for corporate control : prepared for the session on Corporate Control and Shareholder Value in Telecommunications, London Business School, May 2001
Mulherin, John Harold; Netter, Jeffry M.; Stegemoller, … - 2001
We study the wealth effects of the mergers of privatized firms. Our sample entails 39 privatized firms that subsequently become targets of a takeover and 52 privatized firms that become bidders in mergers. Our results indicate that target firms experience a 12 percent increase in equity value at...
Persistent link: https://www.econbiz.de/10011568755