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Shareholder Primacy and the Trajectory of UK Corporate Governance
Armour, John - 2011
Core institutions of UK corporate governance, in particular those relating to takeovers, board structure and directors' duties, are strongly orientated towards a norm of shareholder primacy. Beyond the core, in particular at the intersection of insolvency and employment law, stakeholder...
Persistent link: https://www.econbiz.de/10013120335
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A Note on Distressed Investing : Buying Companies by Acquiring Their Debt
Moyer, Steve - 2012
Our objective in this paper is to provide a pedagogical discussion of the process by which creditors take control of distressed firms. Distress or vulture investing requires a high level of business acumen combined with deep knowledge of accounting, finance, and corporate and restructuring law....
Persistent link: https://www.econbiz.de/10013100486
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Acquiring Distressed and Bankrupt Concerns
Moeller, Scott - 2012
bankrupt acquisition levels. The paper then proceeds to compare both short-run and long-run performance of the companies …
Persistent link: https://www.econbiz.de/10013102096
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Reverse Merger Waves, Market Timing and Managerial Behaviour
Semenenko, Igor - 2014
This paper examines timing of reverse mergers (takeovers) and behaviour of managers of firms that go public in reverse mergers. Results suggest that small private firms go public through mergers with financially distressed firms when market conditions are unfavourable, whereas reverse takeovers...
Persistent link: https://www.econbiz.de/10013067192
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Financing Bidders in Takeover Contests
Vladimirov, Vladimir - 2019
This paper argues that endogenizing how acquirers finance their cash bids is just as important for understanding bidding in takeovers as endogenizing acquirers' payment method choice. The paper shows that acquirers finance their cash bids with equity only if they lack access to competitive...
Persistent link: https://www.econbiz.de/10012905697
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Consolidation in Light of Solvency II – The Impact of Mergers and Acquisitions on Insurers’ Default Risk
Lange, Marc - 2019
As a result of Solvency II, academics and practitioners anticipate further consolidation in the insurance industry as the new regulatory framework rewards well-diversified insurers with lower capital requirements and challenges smaller insurers to meet the (operational) regulatory requirements....
Persistent link: https://www.econbiz.de/10012890549
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The Performance of Acquisitions by High Default Risk Bidders
Bruyland, Evy - 2019
measures of default risk and performance, and a global sample of non-US bidders …
Persistent link: https://www.econbiz.de/10012894337
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Why Do Distressed Firms Acquire?
Zhang, Eden Quxian - 2018
In recent years, acquisition made by distressed firms have become economically important. This paper explores the rationale behind such acquisitions using a natural experiment. Exploiting a recent tax change, which reduces debt restructuring costs for certain creditors and decreases bankruptcy...
Persistent link: https://www.econbiz.de/10012936076
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An Appraisal of Domestic Mergers and Acquisitions in Nigerian Banking Industry : Three-Year Pre and Post-mergers and Acquisition Event
Emegwa, Tochukwu J. - 2020
acquisitions (M&As) on the performance of banks involved in M&As in the Nigerian banking industry. With the aid of financial ratios … and t-test, the post-merger performance of seven banks listed on the Nigerian Stock Exchange (NSE) that completed an M … operating performance by making comparison of three-year pre, and three-year post-M&A firm performance, while the year of M …
Persistent link: https://www.econbiz.de/10012824019