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This paper focuses on how corruption affects an important internationalization behavior of firms: the extent of control - wholly owned subsidiary or equity participation - exercised by firms involved in cross-border mergers and acquisitions (M&A). Recently, scholars have recommended studying the...
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This study investigates the relationship between family ownership, agency costs, financial performance, and companies' business strategies. The targeted population of this study were all 143 manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2007-2014. About 31% (45) of...
Persistent link: https://www.econbiz.de/10012019037
top to the bottom decile of the measure of uniqueness of the corporate strategy of the post-merger company is associated … decile; they also have subsequent one-year-post-merger-closing profitability which is about 1.25% lower than their peer group … with more unique corporate strategy. These findings are stronger for a measure of uniqueness that compares the post-merger …
Persistent link: https://www.econbiz.de/10013128367
Takeover bidders in stock-for-stock mergers have strong incentives to increase their own pre-merger stock prices to … underexplored opportunistic behavior by takeover bidders …
Persistent link: https://www.econbiz.de/10012904676
share and therefore there is a tendency on the part of companies to go for merger with the ultimate objectives of gaining … synergies and better performance. Secondary data revealed the due to merger, there was decline in return on assets, but the … executives found that merger improved overall performance. However, the author also finds that there is lack of proper …
Persistent link: https://www.econbiz.de/10012896030
We examine takeover auctions when an informed bidder has better informationabout the target value than a rival and …
Persistent link: https://www.econbiz.de/10013290302
Corporate strategic Mergers and Acquisitions (M&A) mean focus on growth (e.g. revenue growth) and aim to enhance the firm's competitive position. The academic literature reports however, an extremely high failure rate of strategic M&A – their outcomes are very difficult to forecast and they...
Persistent link: https://www.econbiz.de/10012997186
The success story of Indian IT/BPO is attracting a lot of growth opportunities. To achieve it potential the industry is taking an inorganic route to meet its demands. The industry has been much concentrating on the fast growing US market. With the subprime crisis, and the world on the brink of...
Persistent link: https://www.econbiz.de/10014199999
selection and support the notion that takeover protection reduces managerial myopia and benefits shareholders when it comes to …
Persistent link: https://www.econbiz.de/10012842230