Showing 1 - 10 of 498
The recent influx of foreign companies to the U.S. capital markets via reverse mergers, transactions that bypass the scrutiny given to IPOs, has raised concerns about the quality of financial reporting by the resulting firms. Using an array of proxies for reporting quality, we find that the...
Persistent link: https://www.econbiz.de/10013064968
In this paper Roman Tomasic and Brendan Pentony attempted to determine the real reasons for takeover litigation through a national series of interviews with those directly involved: lawyers, judges, company executives, regulators and bankers. The results showed that the decision to litigate had...
Persistent link: https://www.econbiz.de/10013157856
Golden parachutes have attracted much debate and substantial attention from investors and public officials for more than two decades, and the Dodd-Frank Act mandated a shareholder vote on any future adoption of a golden parachute by public firms. We analyze the relationship that golden...
Persistent link: https://www.econbiz.de/10012940555
Firms use the labels of family relationships, such as parent companies, sister banks and brother-sister controlled groups. This article considers whether there are additional insights underlying such labels that could be portable to the corporate context, using the private equity (P-E) led...
Persistent link: https://www.econbiz.de/10013034088
This study examines whether the corporate cultural similarity between a target and an acquiring firm influences the acquiring managers' decision to abandon a corporate acquisition attempt conditional on the acquiring firm's stock price reaction at the announcement of the deal. We find that...
Persistent link: https://www.econbiz.de/10012838158
This paper investigates the relationship between the employee-friendly practices of the acquiring firm and the acquisition performance. I find a positive relationship between employee friendliness of the acquirer and acquisition performance. Employee friendliness of the acquirer is also...
Persistent link: https://www.econbiz.de/10013037402
I use textual analysis of 10-K forms to develop an estimate of the differences in corporate cultures of the combining firms, and find that greater cultural differences between the combining firms lead to higher synergistic gains in mergers. The effect of cultural differences on acquisition...
Persistent link: https://www.econbiz.de/10012966079
The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...
Persistent link: https://www.econbiz.de/10013028661
Vital in preserving managerial accountability, the firmly established one share, one vote rule provides shareholders with limited rights to elect directors who appoint managers and to approve certain extraordinary transactions. Without the deterrents of risk of capital loss and fear of removal,...
Persistent link: https://www.econbiz.de/10013133457
We survey theoretical and empirical research on antitakeover provisions, focusing on the relationship between antitakeover provisions and shareholder value. We divide the empirical studies based upon the evidence that they provide: short-term event studies, studies on performance and policy...
Persistent link: https://www.econbiz.de/10013090637