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Guo, Feng; Liu, Tingting; Tu, Danni - 2021

’ informational advantage as well as their ability to facilitate future takeover transactions, appear to contribute to peers …

Persistent link: https://www.econbiz.de/10013212797

The impact of a takeover bid on the capital market efficiency

Knezovic, Anita; Culjak, Maria - In: UTMS journal of economics / University of Tourism and … 9 (2018) 2, pp. 109-120

The impact of the announcement of a takeover bid has been widely tested in foreign literature. Therefore, the main goal … of this paper is to research the impact of the announcement of a takeover bid on the share price movements in the … takeover bid affects the share prices of the target company, which is consistent with the results of previous research …

Persistent link: https://www.econbiz.de/10012178422

Kulturunterschiede bei Mergers & Acquisitions : Entwicklung eines Konzeptes zur Durchführung einer Cultural Due Diligence

Stumpf-Wollersheim, Jutta (contributor); … - 2008

Several investigations came to the conclusion that, considering in retrospect, most Mergers & Acquisitions were not successful. Differences in the corporate cultures are often quoted as being responsible for the failures. So, the question arises how such failures can be prevented in future....

Persistent link: https://www.econbiz.de/10003750322

Cross-Border Mergers and Acquisitions and Default Risk

Koerniadi, Hardjo - 2014

Using a cross-country sample of mergers and acquisitions, we examine the role of cultural, institutional, geographic and managerial factors on post-merger default risk. Our results are consistent with the asymmetric hypothesis that managers take advantage of the overvaluation and volatility of...

Persistent link: https://www.econbiz.de/10013058826

CSR variability, managerial risk aversion, and hostile takeover threats

Likitapiwat, Tanakorn; Treepongkaruna, Sirimon; … - 2022

The quiet life hypothesis argues that, when managers are insulated from the discipline of the takeover market, they … words, they prefer to live a “quiet life”. Exploiting a distinctive measure of takeover vulnerability principally based on …. Our results show that more takeover exposure significantly raises CSR variability, consistent with the prediction of the …

Persistent link: https://www.econbiz.de/10014239260

Governance through dhame and aspiration : index creation and corporate behavior

Chattopadhyay, Akash; Shaffer, Matthew D.; Wang, … - 2018

After decades of de-prioritizing shareholders' economic interests and low corporate profitability, Japan introduced the JPX-Nikkei400 in 2014. The index highlighted the country's “best-run" companies by annually selecting the 400 most profitable of its large and liquid firms. We find that...

Persistent link: https://www.econbiz.de/10011901730

Societal Trust and Corporate Underinvestment

Knetsch, Andreas; Salzmann, Astrid Juliane - 2023

We extend prior literature by showing that societal trust is a significant determinant of corporate investment policy. Firms in countries with a higher level of societal trust are less prone to underinvestment. We posit that the association between trust and underinvestment relates to a...

Persistent link: https://www.econbiz.de/10014362162

Foundations Building Social Capital

von Schnurbein, Georg - 2009

The ability of foundations to build social capital has been considered insufficiently. Using a case study design describing a successful project with a network structure, this study presents abilities and characteristics of foundations that allow them to develop networks, norms, and trust, the...

Persistent link: https://www.econbiz.de/10013156596

Behavioral Corporate Finance

Shefrin, Hersh - 2023

To date, scholars working in the area of behavioral finance have mostly focused on asset pricing and portfolio theory, but less so in corporate finance. In this paper, I propose a conceptual framework for applying behavioral ideas to the main topics which comprise corporate finance, and call the...

Persistent link: https://www.econbiz.de/10014256551

Horizontal mergers and exit in declining industries

Filson, Darren; Songsamphant, Bunchon - 2001

Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...

Persistent link: https://www.econbiz.de/10011569023

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