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controlling for deal characteristics. However, longer-term post-merger bidder abnormal returns are lower for government … improving bilateral political relations between China and target nations are positively associated with both short and long …
Persistent link: https://www.econbiz.de/10012961965
association with post-merger patenting is mainly driven by patents invented in the countries of the acquirers headquarter and its …
Persistent link: https://www.econbiz.de/10009667478
This paper uses a rich panel data set of Indian manufacturing firms to analyze the effects of domestic and international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the estimation of production functions together with information...
Persistent link: https://www.econbiz.de/10011548253
This research analyzes 262 cases of tender offer bid (TOB) in which the acquired companies were expected to remain listed after the deals, from among TOB deals conducted between 1990 and 2011, and estimates the value of private benefits of control in Japan based on the premiums paid relative to...
Persistent link: https://www.econbiz.de/10012941487
We study the effect of antitakeover provisions (ATPs) on innovation. To establish causality, we use a regression discontinuity approach that relies on locally exogenous variation generated by shareholder proposal votes. We find a positive, causal effect of ATPs on innovation. This positive...
Persistent link: https://www.econbiz.de/10012976643
The purpose of this study is to investigate the impact of corporate internationalization, governance structures, and legal protections on the foreign earnings response coefficient (FERC). The FERC is a measure of the value-relevance of foreign earnings. We collected data on 3653 Taiwanese firms...
Persistent link: https://www.econbiz.de/10012905098
type of political power in place. Using a sample of listed firms in China, we show that politically connected CEOs in …
Persistent link: https://www.econbiz.de/10012972711
1999 to 2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and …
Persistent link: https://www.econbiz.de/10009731061
1999-2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and …
Persistent link: https://www.econbiz.de/10009411931
This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10011490438