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study methodology to examine the short-term market response to merger announcements in the Indian banking and information … that the shareholders of the bidding firms would incur loss on merger announcements does not hold well in the Indian … perspective. Our findings demonstrate the contrary effect. The bidding firms at least do not fall in deficit from the merger deals …
Persistent link: https://www.econbiz.de/10013099969
movements as the news of the merger is made public. The price movement of the acquiring firm's equity around the announcement of …, researchers have found that, on average, equity values of the acquiring bank do not display abnormal positive returns upon … better compensated for managing larger organizations, particularly when involved in merger activity. This study investigated …
Persistent link: https://www.econbiz.de/10013114289
The current study focuses on the long run value creation by cross border mergers and acquisitions by Indian companies in the period of 1998-2009. Event study methodology has been employed for achieving the purpose. The results revealed that there was significant value deterioration for the...
Persistent link: https://www.econbiz.de/10013022448
ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the …
Persistent link: https://www.econbiz.de/10013158587
This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a … sample of 207 stock-for-stock mergers from 1996 to 2004, we show that target merger premiums vary inversely with target … director representation on the post-merger board. We also provide some evidence that both inside and outside target directors …
Persistent link: https://www.econbiz.de/10012911226
smaller initial takeover premium proposals. We find evidence that, controlling for endogeneity, top defense litigation counsel …
Persistent link: https://www.econbiz.de/10012969374
We examine the economic benefits of acquisitions of U.S. public firms. Estimating revelation biases concerning internal investment opportunities, we find that it produces a significant negative bidder announcement effect, often interpreted as shareholder wealth destruction. Examining exogenously...
Persistent link: https://www.econbiz.de/10012972557
Using hand-collected data, we examine the targeting of shareholder class action lawsuits in merger & acquisition (M …&A) transactions, and the associations of these lawsuits with offer completion rates and takeover premia. We find that M&A offers … takeover premia in completed deals, after controlling for the same factors. Economically, the expected rise in takeover premia …
Persistent link: https://www.econbiz.de/10012976259
the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any …
Persistent link: https://www.econbiz.de/10013058808
Globalization and liberalization have led firms from emerging markets like India to become more aggressive and opt for …
Persistent link: https://www.econbiz.de/10013016529