Showing 91 - 100 of 3,625
We examine the impact of the international diversification by banks on the value of their advice in 1,705 cross … announcement returns. A one standard deviation increase in advisor diversification is associated with a 92 basis points lower … effects of international diversification …
Persistent link: https://www.econbiz.de/10013039052
We take a broad product markets approach to examine whether pooled purchasing is a source of value creation in diversifying acquisitions. We find that our proxies for the merging firms' change in purchasing concentration are positively related to the combined wealth effect of merging firms,...
Persistent link: https://www.econbiz.de/10012974499
This study examines the impact of diversifying acquisitions on acquiring Turkish firms. Using a sample of 98 acquisitions during 2000-2011, the study finds that acquiring firms experience statistically significant wealth gains surrounding the announcement date. The cross-sectional regression...
Persistent link: https://www.econbiz.de/10013003763
value from corporate diversification and provide an explanation for seemingly unrelated acquisitions …
Persistent link: https://www.econbiz.de/10013005094
Once a preferred strategy, diversification has gradually been deinstitutionalized in the United States over the past … in understanding variation in de-diversification across firms. Building on a historical account of the transformation of … students' views about diversification. Nearly twenty years later, these MBA graduates rose to top decision-making positions and …
Persistent link: https://www.econbiz.de/10012923964
value from corporate diversification and provide an explanation for seemingly unrelated acquisitions …
Persistent link: https://www.econbiz.de/10014132968
Whether corporate diversification decreases or increases the risk of the diversifying firm is an important empirical … corporate diversification tends to decrease the risk of some firms but increase the risk of many others, and on average … corporate diversification does not lower firm risk. These findings call into question the notion that corporate diversification …
Persistent link: https://www.econbiz.de/10014186323
Investor-driven "short-termism" is said to harm EU public firms' ability to invest for the long term, prompting calls for the EU to better insulate managers from shareholder pressure. But the evidence offered---rising levels of repurchases and dividends---is incomplete and misleading: it ignores...
Persistent link: https://www.econbiz.de/10012511344
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10010298692
Ownership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the...
Persistent link: https://www.econbiz.de/10010299073