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Conditional Returns to Shareholders of Bidding Firms : An Australian Study

Akhtar, Farida - 2013

announcement events. Takeover announcements are not random because managers decide rationally whether to bid or not, this indicates …

Persistent link: https://www.econbiz.de/10013077619

Impact of Mergers and Acquisitions on Returns to Shareholders of Acquiring Firms : Indian Economy in Perspective

Rani, Neelam - 2012

The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal returns due to the announcement of mergers and acquisitions (M&A) and return on equity funds five years before and after M&A have been examined. The study also performs a...

Persistent link: https://www.econbiz.de/10013099698

Value Relevance of Mergers Blocked by Shareholder Lawsuits According to the German Stock Corporation Act : An Event Study

Labrenz, Helfried - 2014

This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any lawsuit is pending with a court. In particular, mergers...

Persistent link: https://www.econbiz.de/10013058808

Controlling Shareholder Stock Pledge, Aggravated Expropriation and Corporate Acquisitions

Yan, Siyuan - 2020

We examine the effects of controlling shareholder stock pledge on corporate acquisition decisions and associated performance. Consistent with our aggravated expropriation hypothesis, we find that pledging firms in China initiate more takeovers, but these acquisitions conducted by pledging firms...

Persistent link: https://www.econbiz.de/10012832661

Rumortrage : Can Investors Profit on Takeover Rumors on Internet Stock Message Boards?

Bettman, Jenni L. - 2014

We provide the first empirical investigation into the impact of Internet Stock Message Board takeover rumors on the … takeover rumors disseminated during the period January 2003 to December 2008, inclusive. Overall, our analysis, utilizing … intraday Trade and Quote (TAQ) data, reveals that Message Board takeover rumors generate significant positive abnormal returns …

Persistent link: https://www.econbiz.de/10013069468

Underpricing, Board Structure, and Ownership : An Empirical Examination of Indonesian IPO Firms

Darmadi, Salim - 2012

The objective of this paper is to examine whether underpricing is associated with board structure and corporate ownership among Indonesian IPO firms. To capture the most recent development, the sample comprises 101 firms conducting initial public offerings (IPOs) in Indonesia's primary equity...

Persistent link: https://www.econbiz.de/10013108052

Using Geographic Density of Firms to Identify the Effect of Board Size on Firm Value and Corporate Policies

Chintrakarn, Pandej - 2019

Prior research shows that firms tend to recruit directors from the geographically-proximate area. Due to a limited supply of qualified individuals in a given area, firms located in close proximity have to share a limited pool of talented individuals. As a result, the larger the number of firms...

Persistent link: https://www.econbiz.de/10012862139

Stock Market Reactions to Announcements of the Board of Directors : Evidence from Italy

Rossi, Fabrizio - 2015

The board of directors plays an important role in corporate governance. It is an internal mechanism that controls and monitors the actions of managers and aligns the utility functions between corporate owners and managers. The board of directors performs multiple functions that concern, for...

Persistent link: https://www.econbiz.de/10013029242

Corporate governance and the nature of takeover resistance

Carline, Nicholas F.; Linn, Scott C.; Yadav, Pradeep - 2014 - This version: March 23, 2014

We investigate the relation between corporate governance characteristics of hostile takeover targets and the choice to …

Persistent link: https://www.econbiz.de/10010337622

Shareholder Rights and Bidder Returns : The Impact of Market Learning and M&A Activity

Ahn, Seoungpil - 2016

I examine whether market learning and M&A activity affect the association between shareholder rights and acquisition performance. Using a sample of acquisitions completed in the period of 1990-2006, I find that the negative association between governance indices and bidder returns disappears in...

Persistent link: https://www.econbiz.de/10012980117

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