This paper investigates how takeovers create value. Using plant-level data, I show that acquirers increase targets … context of takeovers. …

This paper investigates how takeovers create value. Using plant-level data, I show that acquirers increase targets … productivity and stock returns in takeovers. …

bidders acquiring non-family controlled private firms. The sample consists of 391 acquisitions of private targets in seven …

Purpose: Mergers and acquisitions (M&A) have become a popular vehicle for domestic as well as international companies …

The lack of hostile takeovers and relatively modest wealth gains associated with REIT mergers motivate two fundamental … yet previously unexplored questions: how competitive are REIT takeovers, and how exactly does a REIT sell itself to …

-creating takeovers and increase innovation and do not induce agency con icts of managerial entrenchment. This implies that for innovative …

2,500 acquisitions in the United Kingdom and United States are used to examine means of payment in acquisitions. There … has been a substantial increase in the proportion of acquisitions financed with cash in the United States over the period … equity acquisitions and the differences cannot be wholly attributed to the nature of the bid. Cash acquisitions display a …

in shareholder wealth. The exception is for bank and investment acquisitions. The market punishes foreign M&A with … negative abnormal returns, consistent with the literature on high-information costs and regulations. Moreover, acquisitions …

in shareholder wealth. The exception is for bank and investment acquisitions. The market punishes foreign M&A with … negative abnormal returns, consistent with the literature on high-information costs and regulations. Moreover, acquisitions …