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Vulanovic, Milos - 2016

This paper studies how institutional characteristics of Specified Purpose Acquisition Companies (SPACs) are related to their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the proceeds to acquire another private company. Paper finds...

Persistent link: https://www.econbiz.de/10011567362

Are there waves in merger activity after all?

Gärtner, Dennis (contributor); Halbheer, Daniel (contributor) - 2004 - September 2004, revised February 2006

This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model. Using quarterly data covering the last thirty years, for the US, we identify the beginning of a merger wave in the mid 1990s but not the much-discussed 1980s merger wave. We argue...

Persistent link: https://www.econbiz.de/10002521615

Defined Contribution Pension Risk and Mergers and Acquisitions : Evidence from United Kingdom

Hegde, Shantaram P. - 2020

, DB schemes of target firms may reduce the takeover likelihood and bidder DB schemes may influence payment currency choice … takeover bids for United Kingdom (UK) listed companies during 2002-12, we find that bidder and target DC costs decrease the … takeover decision, target selection, payment currency choice and shareholder wealth and should not be neglected in view of the …

Persistent link: https://www.econbiz.de/10012833921

Mergers and the Evolution of Patterns of Corporate Ownership and Control : The British Experience

Cheffins, Brian R. - 2010

An intense academic debate has arisen recently concerning the crucial bedrock that underpins a corporate governance regime where widely-held public companies dominate. In the discourse, little has been said about the contribution of merger activity. The paper seeks to address this gap by...

Persistent link: https://www.econbiz.de/10014069991

The Reality of the UK Takeover Regulations (with 'Notice to Advisers in Contested Bids' by the Takeover Panel)

Watanabe, Hiroyuki - 2020

This is a short article on UK takeover regulations and was prepared for the meetings with the specialists on Takeovers … on the wall of the waiting room of the UK Takeover Panel …

Persistent link: https://www.econbiz.de/10014094223

The Impact of Mergers and Acquisitions on Executive Pay in the United Kingdom

Guest, Paul M. - 2012

We examine the impact of acquisitions by UK acquirers on executive pay. The overall sample shows a significant transitory pay increase. Pay changes are not affected by target nationality or organizational form, although initial cross-border acquisitions result in higher pay. Pay increases are...

Persistent link: https://www.econbiz.de/10013103147

Directors' Network and the Method of Payment in Mergers and Acquisitions

Amaro de Matos, Joao - 2012

This paper studies the impact of the network centrality of directors on the choice of payment method in mergers and acquisitions of firms in which they sit at the board. We assume that the centrality of directors reduces information asymmetry problems, facilitating information transmission...

Persistent link: https://www.econbiz.de/10013100094

Too Much to Learn : The Unintended Consequences of RegTech Development on Mergers and Acquisitions

Gu, Ming; Li, Dongxu; Ni, Xiaoran - 2021

Despite an emerging literature on the advancement of regulatory technology (RegTech), this paper unveils one of its unintended consequences in the market of corporate control: crowding in uniformed investors and crowding out managerial learning. Exploiting the staggered implementation of the...

Persistent link: https://www.econbiz.de/10013214786

Does monetary policy affect mergers and acquisitions?

Fischer, Johannes; Horn, Carl-Wolfram - 2021 - This version: March 1, 2021

We analyse the effects of monetary policy on mergers and acquisitions (M&A) activity in the United States, both on the aggregate and the firm level. We find that aggregate M&A activity decreases significantly following a monetary policy shock. The aggregate results are confirmed by an analysis...

Persistent link: https://www.econbiz.de/10013342089

Informed Trading Around Merger and Acquisition Announcements : Evidence from the UK Equity and Options Market

Siougle, Georgia - 2011

This paper offers new evidence on informed trading around merger and acquisition announcements from the UK equity and options market. The analysis suggests that in about 25%-33% of events there is abnormal option trading volume during the month that precedes the announcement. Such evidence is...

Persistent link: https://www.econbiz.de/10013133655

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