Narrow search
Showing 1 - 10 of 4,259
Cover Image
Preemptive bidding, target resistance, and takeover premiums
Dimopoulos, Theodosios; Sacchetto, Stefano - 2011
This paper empirically evaluates two possible sources of large takeover premiums: preemptive bidding and target … resistance. We develop an auction model that features costly sequential entry of bidders in takeover contests and that … in the period 1988-2006. We find that target resistance is the main determinant of takeover premiums in 74% of successful …
Persistent link: https://www.econbiz.de/10009375142
Cover Image
Why Are Bidder Termination Provisions Included In Takeovers?
Chen, Zhiyao - 2020
takeover gains. The provision's inclusion can create value by enabling termination when the target becomes less valuable to the …
Persistent link: https://www.econbiz.de/10012857211
Cover Image
Information and Competition in U.S. Forest Service Timber Auctions
Athey, Susan; Levin, Jonathan - 2013
This paper studies the bidding behavior of firms in U.S. Forest Service timber auctions in 1976--1990. When conducting timber auctions, the Forest Service publicly announces its estimates of the tract characteristics before the auction, and each bidder additionally has an opportunity to inspect...
Persistent link: https://www.econbiz.de/10014038312
Cover Image
Essays in corporate finance : security design, takeovers, and bankruptcy
Vladimirov, Vladimir - 2012
Persistent link: https://www.econbiz.de/10009697316
Cover Image
Acquiring intangible resources through M&As : exploring differences between public and private targets
Shen, Jung-Chin (contributor); Capron, Laurence (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001826326
Cover Image
Does asymmetric information affect the premium in mergers and acquisitions?
Dionne, Georges; La Haye, Mélissa; Bergerès, Anne-Sophie - In: The Canadian journal of economics 48 (2015) 3, pp. 819-852
Persistent link: https://www.econbiz.de/10011568563
Cover Image
What drives bidder cash reserve effects in acquisitions : agency conflicts or precautionary motive?
Gao, Ning - 2011
A cash-rich company is less likely to be a bidder during 1994-2008 in the US, contrasting the findings based on earlier sample period. This is mainly due to the companies with high residual market-to-book ratios (i.e. the residual of the actual market-to-book ratio regressed on measures of...
Persistent link: https://www.econbiz.de/10009411429
Cover Image
What drives bidder cash reserve effects in acquisitions: Agency conflicts or precautionary motive?
Gao, Ning - 2011
A cash-rich company is less likely to be a bidder during 1994-2008 in the US, contrasting the findings based on earlier sample period. This is mainly due to the companies with high residual market-to-book ratios (i.e. the residual of the actual market-to-book ratio regressed on measures of...
Persistent link: https://www.econbiz.de/10010409445
Cover Image
Hedge fund activism and short-term value creation prior to the initial filing : evidence from US firms
Karpouzis, Efstathios; Margaritis, Dimitris; Psillaki, Maria - In: International journal of banking, accounting and … 13 (2023) 3, pp. 277-320
Persistent link: https://www.econbiz.de/10014232281
Cover Image
Management buyouts and takeovers : a comparative empirical analysis
Kumar, A. A. - 1992
Persistent link: https://www.econbiz.de/10000869058