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Analysis of glamorous acquisitions in the telecommunications sector : overvaluation or success?

Navío-Marco, Julio; Serrano Calle, Silvia; … - 2017

This article analyses the performance and value creation of the glamorous operations of mergers and acquisitions (M&A) in the telecommunications sector, trying to understand if the glamour company's M&A operations conduct to the stockholder wealth maximization, and the role of acquirer's...

Persistent link: https://www.econbiz.de/10011777848

Causes and consequences of merger waves

Kleinert, Jörn; Klodt, Henning - 2002

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …

Persistent link: https://www.econbiz.de/10011490438

Does CEO fitness matter?

Limbach, Peter; Sonnenburg, Florian - 2015 - This draft: November 2015

This study provides evidence suggesting that CEOs’ physical fitness has a positive impact on firm value, consistent with the beneficial effects of fitness on, e.g., cognitive functions, stress coping and job performance. For each of the years 2001 to 2011, we define S&P 1500 CEOs as fit if...

Persistent link: https://www.econbiz.de/10011392655

Merger performance and managerial incentives

Kräkel, Matthias; Müller, Daniel - 2014

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … obtain high-powered incentives and, hence, a high personal income at the merger-management stage. …

Persistent link: https://www.econbiz.de/10011430291

Bad mergers revisited : an incentive perspective ; conference paper

Kräkel, Matthias; Müller, Daniel - 2013

information about suitable merger targets and to manage the merged corporation in case of an acquisition. Our results show that … high-powered incentives and, hence, a high personal income at the merger-management stage. We derive conditions under which …

Persistent link: https://www.econbiz.de/10010340013

Merger efficiency and managerial incentives

Kräkel, Matthias; Müller, Daniel - 2013

Persistent link: https://www.econbiz.de/10010198514

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