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Corporate capital structure decisions are key determinants of firm performance. The agency theory suggests that debt financing is one of the mechanisms to mitigate agency problems and thus to improve firm performance. This paper provides important evidence on the performance effects of capital...
Persistent link: https://www.econbiz.de/10013014658
Corporate governance has become the latest buzzword in India triggered by the series of scandals and failures in the corporate world. The purpose of this study is to examine the impact of corporate governance on firm performance for a large representative sample of Indian manufacturing firms for...
Persistent link: https://www.econbiz.de/10013036588
While there have been numerous papers on the employment and wage effects of mergers and acquisitions, there has been no direct analysis of the impact of such ownership changes on minority and female workers. This is an unexplored quot;equityquot; dimension of these transactions. We fill this gap...
Persistent link: https://www.econbiz.de/10012731783
. Second, mergers propagate in waves across the network through customer-supplier links. Merger activity transmits to close … industries quickly and to distant industries with a delay. Finally, economy-wide merger waves are driven by merger activity in … transactions helps to explain the formation and propagation of merger waves …
Persistent link: https://www.econbiz.de/10013009013
Mergers and acquisitions (M&As) are significant corporate restructuring activities that attract the attention of shareholders as they focus on wealth creation. Such transactions are considered as very risky and challenging and at the same time very important company investment decisions....
Persistent link: https://www.econbiz.de/10012920338
are robust to a range of approaches to address the endogeneity of firms' merger decisions …
Persistent link: https://www.econbiz.de/10011578753
In this paper, we proposed a model of how corporate acquisition influences industrial performance by exploring industry-level and firm-level ownership characteristics in emerging markets. Based on a database of 1,934 acquisitions of listed firms in China, we examined the relationship between...
Persistent link: https://www.econbiz.de/10013258684
Persistent link: https://www.econbiz.de/10009310766
Persistent link: https://www.econbiz.de/10010381131
. The extent of post-merger restructuring activities and their cross-sectional variation do not support an empire building …
Persistent link: https://www.econbiz.de/10012464355