Narrow search
Showing 1 - 10 of 8,141
Cover Image
Merger Waves, Pseudo Market Timing and Post-Merger Performance
Esmer, Burcu - 2016
Do managers time the market when they make merger decisions? Merger and acquisition waves seem to correspond with … hypothesis to explain abnormal performance following events even when managers cannot time the market. I find that acquiring … firms which use stocks as the method of payment exhibit negative long-run abnormal returns in event-time, but not in …
Persistent link: https://www.econbiz.de/10013008783
Cover Image
Patterns in the timing of corporate event waves
Rau, P. Raghavendra; Stouraitis, Aris - In: Journal of financial and quantitative analysis : JFQA 46 (2011) 1, pp. 209-246
Persistent link: https://www.econbiz.de/10008991255
Cover Image
Intra-Industry Effects of IPOs on Stock Repurchase Decisions of Rival Firms
Nguyen, Thanh Thiet - 2014
the same industry. At the same time, the market has a tendency to be overly optimistic about IPO prospects, especially …
Persistent link: https://www.econbiz.de/10013058412
Cover Image
Analyzing European SPACs
Ignatyeva, Elena - 2013
This paper analyzes Special Purpose Acquisition Companies (SPACs) in Europe. We document various aspects associated with European SPACs by using a unique and hand-collected data sample encompassing all 19 SPACs which have been listed on European stock exchanges since 2005. The paper shows that...
Persistent link: https://www.econbiz.de/10013090227
Cover Image
Can Investors Anticipate Post-IPO Mergers and Acquisitions?
Anderson, Christopher W. - 2017
Given the frequency and its important value implication of post-IPO M&A activity, we investigate empirically whether investors can utilize information based on IPO deal structure to predict merger and acquisition activity among newly public firms. Consistent with the hypothesis that some firms...
Persistent link: https://www.econbiz.de/10012962506
Cover Image
Intention to Acquire and M&As : Evidence from European IPOs
Charitou, Andreas - 2019
In this paper we examine the disclosure on the IPO prospectus that refers to the firm's intention to pursue an active acquisition strategy as one of the reasons for going public (disclosers). Based on research showing that properly evaluated M&As are more successful, we examine whether the...
Persistent link: https://www.econbiz.de/10012896663
Cover Image
Specified Purpose Acquisition Companies (SPACs) in Shipping
Shachmurove, Yochanan - 2016
This study examines how Specified Purpose Acquisition Companies (SPACs) have been used as a financing tool for the shipping industry in period 2004-2013. SPACs that focused on acquisitions in the shipping industry statistically have similar characteristics as the population of SPACs that entered...
Persistent link: https://www.econbiz.de/10013006892
Cover Image
Industry IPOs, Growth Opportunities, and Private Target Acquisitions
Aktas, Nihat - 2015
As a result of increased information production and aggregation, acquiring companies may make merger decisions based on valuable information they extract from public markets. This paper examines acquisitions by target status and suggests a novel source of information for industry firms – the...
Persistent link: https://www.econbiz.de/10013024027
Cover Image
Exit Choices of Venture-Backed Firms : IPO v. Acquisition
Ball, Eric R.; Chiu, Hsin-Hui; Smith, Richard L. - 2009
We examine IPO and acquisition waves, exit choices, and pre-money valuations at exit for 7082 venture-backed private companies over the 19-year period from 1978 through 2006. Consistent with other literature, we hypothesize that levels of IPO and acquisition activity and the choice between IPO...
Persistent link: https://www.econbiz.de/10014212915
Cover Image
The influence of initial investor backing on post-IPO acquisition activity
Kaufmann, Mattheo; Kolaric, Sascha; Walter, Lennart - 2022
We test whether venture capital (VC) or private equity (PE) backing at the time of a firm's IPO leads to different post …
Persistent link: https://www.econbiz.de/10013492372