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The impact of corporate governance quality on capital structure choices : does national governance quality matter?
Nguyen, An; Tuan Nguyen; Phuong Hoang - In: Cogent economics & finance 10 (2022) 1, pp. 1-26
This research investigates the moderating effect of national governance quality on the corporate governance-capital structure decision relationship. Using an instrumental variable estimation technique to analyze a multinational dataset containing 23,142 firm-year observations of 3,270 firms in...
Persistent link: https://www.econbiz.de/10013454665
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Deconstructing Mergers and Acquisitions and Corporate Scandals in Pharmaceutical Industry
Khan, Dr Hassaan - 2014
This study examines the role of mergers and acquisitions in offsetting adverse market reaction to corporate scandals and litigation on share price and therefore, shareholder wealth creation for pharmaceutical companies. Using a sample of 10 major pharmaceutical companies with financial data from...
Persistent link: https://www.econbiz.de/10013044259
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Collective Bargaining and Mergers and Acquisitions Activity around the World
Ahmad, Muhammad Farooq - 2020
This paper studies the relationship between collective bargaining and mergers and acquisitions activity in 46 countries from the early 1990s. We find that the frequency and volume of mergers and acquisitions within industries increase in countries with powerful labor unions and high coverage of...
Persistent link: https://www.econbiz.de/10012856158
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Collective Bargaining and Mergers and Acquisitions Activity around the World
Ahmad, Muhammad Farooq - 2019
This paper studies the relationship between collective bargaining and mergers and acquisitions activity in 46 countries from the early 1990s. We find that the frequency and volume of mergers and acquisitions within industries increase in countries with powerful labor unions and high coverage of...
Persistent link: https://www.econbiz.de/10012904123
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Common Ownership and ESG Performance : Evidence from Institutional Mergers
Khoo, Kenneth - 2022
“Common Ownership” is a phenomenon where shareholders hold substantial stakes in firms that impose externalities on each other. The “Common Ownership” hypothesis suggests that these shareholders may internalize some of these externalities amongst their portfolio firms. While most of the...
Persistent link: https://www.econbiz.de/10013292827
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Global SPACs
Adami, Roberta; Mathew, Sudha; Sivaprasad, Sheeja - 2022
merger announcement and the deSPAC period; however, these returns are negative for SPAC firms in Asia and Latin America. The … long-term performance for SPAC firms after merger in North America is negative while SPAC firms in Europe, Asia and Latin … America show positive returns. Furthermore, we examine the post-merger performance of the merged entities and consider the …
Persistent link: https://www.econbiz.de/10013403903
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The real effects of private equity buyouts
Tåg, Joacim - 2010
Private equity buyouts have become a common element in the industrial development process. I survey the literature on the real economic effect of buyouts: employment, wages, productivity, and long-run investments. Employment tend to marginally fall after a buyout in most countries studied, with...
Persistent link: https://www.econbiz.de/10008654164
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The Real Effects of Private Equity Buyouts
Tåg, Joacim - 2010
Private equity buyouts have become a common element in the industrial development process. I survey the literature on the real economic effect of buyouts: employment, wages, productivity, and long-run investments. Employment tend to marginally fall after a buyout in most countries studied, with...
Persistent link: https://www.econbiz.de/10013138327
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Political Corruption and Mergers and Acquisitions
Nguyen, Nam - 2019
This research examines the relation between political corruption and mergers and acquisitions (M&As). We find that local corruption increases firm acquisitiveness but decreases firm targetiveness. The levels of corruption in acquirer areas relate positively to the bid premiums and negatively to...
Persistent link: https://www.econbiz.de/10012899211
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Wealth Transfer Effects between Stockholders and Bondholders
Imbierowicz, Björn - 2013
Prior research has addressed the question of whether certain events cause a transfer of wealth between stockholders and bondholders but does not control for the events' impacts on firms' credit risk. This may explain why many studies fail to identify wealth transfers. By employing announcements...
Persistent link: https://www.econbiz.de/10013093714