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conditional model the results indicate that after controlling for the self-selection bias effect, shareholders of bidder firms …
Persistent link: https://www.econbiz.de/10013077619
increases in share prices and price/earnings ratios. We test four hypotheses that have been advanced to explain merger waves … acquired by firms, models that identify the characteristics of targets, and estimates of the returns to acquirers' shareholders …
Persistent link: https://www.econbiz.de/10014059691
, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find …
Persistent link: https://www.econbiz.de/10010365892
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This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Two politicoeconomic equilibria arise from our model, one with little protection of insiders on capital and labor markets, and another one with...
Persistent link: https://www.econbiz.de/10011477241
shareholders, analysts, and the media. However, shareholders do not decode this signal, since the disclosure of meeting locations …
Persistent link: https://www.econbiz.de/10013006613
We examine the capital market consequences of a regulatory intervention aimed at generalizing tenure voting in French public companies. The 2014 Florange Act departs from the ‘one share one vote' principle by automatically granting double voting rights (DVR) to shares held for at least two...
Persistent link: https://www.econbiz.de/10012893955
following the IPO? We do not find evidence that stocks of companies, which had private equity investors as shareholders prior to … that had private equity investors as shareholders we document that the stronger the private equity investors reduce their …
Persistent link: https://www.econbiz.de/10012968834
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