Narrow search
Showing 1 - 10 of 77,984
Cover Image
The effect of industry restructuring on peer firms
Holcomb, Alex; Mason, Paul - In: Journal of Risk and Financial Management 14 (2021) 5, pp. 1-25
We study the bond price reaction of a merged firms peers, in order to better understand how the market responds to a restructuring. We argue that a merger announcement may signal the possibility of a merger wave to the industry, and in doing so, increase the conditional probability that peer...
Persistent link: https://www.econbiz.de/10012611762
Cover Image
The effect of industry restructuring on peer firms
Holcomb, Alex; Mason, Paul - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-25
We study the bond price reaction of a merged firms peers, in order to better understand how the market responds to a restructuring. We argue that a merger announcement may signal the possibility of a merger wave to the industry, and in doing so, increase the conditional probability that peer...
Persistent link: https://www.econbiz.de/10012534527
Cover Image
Mergers and acquisitions: a qualitative study in the medical device sector
Jacob, Alon Ben - In: International journal of management, economics and … 9 (2020) 3, pp. 161-181
One of the key processes that business leaders are using to grow their organizations is mergers and acquisitions (M …
Persistent link: https://www.econbiz.de/10012286798
Cover Image
Firm boundaries matter: Evidence from conglomerates and R&D activity
Seru, Amit - In: Journal of Financial Economics 111 (2014) 2, pp. 381-405
(R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition … diversifying mergers produce both a smaller number of innovations and also less-novel innovations, where innovations are measured …
Persistent link: https://www.econbiz.de/10010737667
Cover Image
Innovation Activity of Firms and Competition
Zemplinerová, Alena - In: Politická ekonomie 2010 (2010) 6, pp. 747-760
&D personnel and industry concentration exists. If market concentration is a measure of competition than we can conclude that … innovation is related to the competitive market structure. We arrived at the same conclusion when innovation was measured by … intangible assets and competition was measured by Lerner index. Finally, our analysis concluded that although foreign firms are …
Persistent link: https://www.econbiz.de/10008802576
Cover Image
Co-determination and Merger Incentives from Transfers of Wealth: Firm Owners vs. Workers
Coscollá, M. Paz; Granero, Luis M. - In: Czech Economic Review 4 (2010) 2, pp. 123-138
When workers can capture rents from their influence on corporate decisions, mergers can become a device to generate … increases merger profitability, in line with the owners’ incentive to use mergers to reduce the rents captured by workers. In … line with the view according to which workers can be used by incumbent managers as a defensive instrument in acquisitions. …
Persistent link: https://www.econbiz.de/10008553085
Cover Image
VALUING THE IMPACT OF SYNERGIES ON PUBLIC MERGERS/ACQUSITIONS IN THE PHARMACEUTICAL SECTOR ON THE EUROPEAN CAPITAL MARKETS
Resceanu, Oana - In: Annals of University of Craiova - Economic Sciences Series 3 (2010) 38, pp. 507-513
Valuing and identifying synergies in mergers and acquisitions is one of the important issues in Corporate Finance. The … aim of this paper is to value the impact of synergies resulted from mergers/acquisitions in the European pharmaceutical …
Persistent link: https://www.econbiz.de/10009350508
Cover Image
Small Business Failure Rates: Choice of Definition and the Size Effect
Watson, John; Everett, Jim - In: Journal of Entrepreneurial Finance 5 (1996) 3, pp. 271-85
Results of many previous studies on the rate of small business failure suggest an inverse relationship between size of business and propensity to fail. However, it has been suggested that this inverse relationship, between firm size and the rate of discontinuance, may more accurately be...
Persistent link: https://www.econbiz.de/10010790702
Cover Image
MERGERS AND ACQUISITIONS WAVES FROM THE EUROPEAN UNION PERSPECTIVE
Mariana, Vancea - In: Annals of Faculty of Economics 1 (2013) 2, pp. 272-283
The purpose of this paper is to analyze the mergers and acquisitions waves that marked the European Union and to …&A (mergers and acquisitions) wave took place in the late 90s (1997-2000), the last wave began around 2003 and ended quickly, in … an increase in mergers and acquisitions activity. We analyzed the evolution of M&As in the European Union, both of the …
Persistent link: https://www.econbiz.de/10010733826
Cover Image
Merger waves following industry deregulation
Ovtchinnikov, Alexei V. - In: Journal of Corporate Finance 21 (2013) C, pp. 51-76
-deregulation industry performance. Consistent with this hypothesis, I find that post-deregulation mergers serve a contractionary role …. Bidders and targets in post-deregulation mergers are poor performers prior to the merger and operate with significant excess … capacity. Consistent with the hypothesis that post-deregulation mergers represent a form of exit, the frequency of cash and …
Persistent link: https://www.econbiz.de/10010664738