Showing 1 - 10 of 2,808
In this paper, I investigate the influence of tax incentives on the financial structures of mergers and acquisitions (M&A) conducted by multinational entities (MNE). Previous research has already found evidence for tax avoidance by debt shifting. I analyze the importance of locating debt at...
Persistent link: https://www.econbiz.de/10011782963
This paper examines how deviation from firms' target leverage influences their decisions on undertaking foreign acquisitions. Using a sample of 5,746 completed bids by UK acquirers from 1987 to 2012, we observe that over-deviated firms are more likely to acquire foreign targets. Consistent with...
Persistent link: https://www.econbiz.de/10012915675
merger announcement and the deSPAC period; however, these returns are negative for SPAC firms in Asia and Latin America. The … long-term performance for SPAC firms after merger in North America is negative while SPAC firms in Europe, Asia and Latin … America show positive returns. Furthermore, we examine the post-merger performance of the merged entities and consider the …
Persistent link: https://www.econbiz.de/10013403903
and managerial factors on post-merger default risk. Our results are consistent with the asymmetric hypothesis that … and industrial diversification play significant roles in affecting post-merger default risk. We find limited evidence …
Persistent link: https://www.econbiz.de/10013058826
Recent research has documented that firms' social performances have huge impacts on mergers and acquisitions (M&A) outcomes. Using a large sample of U.S public firm data, I test several theories of whether and how the cultural differences measured by adjusted corporate social responsibility...
Persistent link: https://www.econbiz.de/10013017220
Recent research has documented that firms' social performances have huge impacts on mergers and acquisitions (M&A) outcomes. Using a large sample of U.S public firm data, I test several theories of whether and how the cultural differences measured by adjusted corporate social responsibility...
Persistent link: https://www.econbiz.de/10013028139
Recent research has documented that firms' social performances have huge impacts on mergers and acquisitions (M&A) outcomes. Using a large sample of U.S public firm data, I test several theories of whether and how the cultural differences measured by adjusted corporate social responsibility...
Persistent link: https://www.econbiz.de/10013004555
-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …
Persistent link: https://www.econbiz.de/10012841927
-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …
Persistent link: https://www.econbiz.de/10012158166
difference-in-difference approach. Our results show that ETS implementation leads to significantly less cross-border merger and …
Persistent link: https://www.econbiz.de/10013291148