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to investments made by newly listed firms which grow by acquisitions. Overall, firms acquired shortly after listing are …
Persistent link: https://www.econbiz.de/10010599647
We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...
Persistent link: https://www.econbiz.de/10011255534
abnormal returns for acquisitions of public firms paid for with equity (but not for acquisitions of private firms paid for with …, and higher idiosyncratic volatility. The opposite result holds for acquisitions of public firms paid for with cash for …
Persistent link: https://www.econbiz.de/10005040835
We allow the preference of a political majority to determine both the corporate governance structure and the division of profits between human and financial capital. In a democratic society where financial wealth is concentrated, a political majority may prefer to restrain governance by...
Persistent link: https://www.econbiz.de/10005137317
We study advertising at the brand level in a sample of corporate acquisitions. New owners display an elevated …
Persistent link: https://www.econbiz.de/10010574234
U.S. firms currently hold a $2trillion cash stockpile. We examine if cash stockpiles fuel cash acquisitions by studying … that the link between cash stockpiles and cash acquisitions is not obvious. …
Persistent link: https://www.econbiz.de/10010719623
Persistent link: https://www.econbiz.de/10010797758
acquisitions undertaken by French listed companies between January 1997 and December 2006. Comparing both, short-term and long …
Persistent link: https://www.econbiz.de/10010636499
Initial public offerings and acquisitions are decisive and unique events in a firm’s life cycle. Motivations of private … analyze the relationship between initial public offerings and acquisitions in Central and Eastern Europe. We find evidence …
Persistent link: https://www.econbiz.de/10010778850
Using a hand-collected data set of private firm acquisitions and IPOs, this paper develops the first empirical analysis …'s choice between IPOs and acquisitions. Our analysis of private firm valuations in IPOs and acquisitions indicates that IPO …'s propensity to choose IPOs over acquisitions. Further, after controlling for the long-run component of the expected payoff to firm …
Persistent link: https://www.econbiz.de/10011052897