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Consolidation Waves
Berg, Ward A. van den; Smit, Han T.J. - Tinbergen Institute - 2007
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10005137156
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Consolidation Waves
Berg, Ward A. van den; Smit, Han T.J. - Tinbergen Instituut - 2007
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10011257223
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THE PERFORMANCE OF GLOBAL BANKS IN THEIR CROSS-BORDER ACTIVITY
POPOVICI, Andreea; TURLIUC, Dragos - In: SEA - Practical Application of Science (2015) 7, pp. 473-478
acquisitions of local banks or we speak about other ways a global bank begins the activity in a different country. As methodology …
Persistent link: https://www.econbiz.de/10011268725
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Buying to Sell: A Theory of Buyouts
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - Institutet för Näringslivsforskning (IFN) - 2010
Private equity owned firms have more leverage, more intense compensation contracts, and higher productivity than comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are more aggressive in inducing restructuring compared to...
Persistent link: https://www.econbiz.de/10008476275
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Germany as an emerging archipelago economy: On some less obvious implications of corporate takeovers and mergers
Zademach, Hans-Martin - In: CESifo Forum 7 (2006) 1, pp. 40-45
Persistent link: https://www.econbiz.de/10004998594
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Acquisitions as a Real Options Bidding Game
Smit, Han T.J.; Berg, Ward A. van den; Maeseneire, Wouter De - Tinbergen Institute - 2004
expected target value, and uncertainty, determine value appropriation in acquisitions. …
Persistent link: https://www.econbiz.de/10005144572
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The Timing of Takeovers in Growing and Declining Markets
Mason, Robin; Weeds, Helen - C.E.P.R. Discussion Papers - 2010
Empirical studies have found that takeover activity is positively related to the absolute size of industry-level shocks. In this paper we develop a dynamic framework to analyze the timing of takeover which explains this pattern. Takeover may create value either by exploiting synergies or through...
Persistent link: https://www.econbiz.de/10008468572
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The Timing of Acquisitions
Weeds, Helen; Mason, Robin - Society for Economic Dynamics - SED - 2005
Persistent link: https://www.econbiz.de/10005051373
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Acquisitions as a Real Options Bidding Game
Smit, Han T.J.; Berg, Ward A. van den; Maeseneire, Wouter De - Tinbergen Instituut - 2004
expected target value, and uncertainty, determine value appropriation in acquisitions. …
Persistent link: https://www.econbiz.de/10011256936
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M&A, COMPETITION AND PERFORMANCE IN THE SLOVENIAN BANKING SYSTEM
Popovici, Andreea Nicoleta; Turliuc, Dragos Gabriel - In: CES Working Papers 6(1) (2014) March, pp. 137-145
The process of mergers and acquisitions is the main method used by financial institution to grow and to obtain better … performance. The main effect of the implication of banks in mergers and acquisitions (M&A) translates into a higher degree of …
Persistent link: https://www.econbiz.de/10010929230