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Valuing the process of corporate restructuring

Boone, Audra L.; Mulherin, John Harold - 2001

We study the process of corporate restructuring for a sample of 298 firms during the 1989-98 period that announce that they are considering restructuring alternatives. We find that restructuring is a lengthy process, with the majority of the restructuring period occurring prior to any definitive...

Persistent link: https://www.econbiz.de/10011569361

The impact of managerial ownership, monitoring and accounting standard choice on accrual mispricing

Gegenfurtner, Bernhard; Ampenberger, Markus; Kaserer, … - 2009

We analyse to what extent the accrual anomaly is related to the choice of the accounting system as well as firm-level heterogeneity in corporate governance mechanisms. Using a unique dataset of listed German firms over the period 1995 to 2005 we first corroborate former results indicating that...

Persistent link: https://www.econbiz.de/10010305701

Corporate Governance in der Energiewirtschaft – zwischen Unternehmenswert und Public Value

Ahrend, Klaus-Michael - 2014

Eine verantwortungsvolle Corporate Governance soll dazu beitragen, dass einerseits das Energieunternehmen und andererseits der wesentliche Gesellschafter, die Kommune, bei der Erfüllung ihrer Ziele unterstützt werden. Wie jeder private Anteilseigner strebt die politische Führung einer Kommune...

Persistent link: https://www.econbiz.de/10010468087

The impact of managerial ownership, monitoring and accounting standard choice on accrual mispricing

Gegenfurtner, Bernhard; Ampenberger, Markus; Kaserer, … - 2009

Persistent link: https://www.econbiz.de/10003850495

Corporate Governance in der Energiewirtschaft : zwischen Unternehmenswert und Public Value

Ahrend, Klaus-Michael - 2014

Persistent link: https://www.econbiz.de/10010471976

Horizontal mergers with synergies: first-price vs. profit-share auction

Ding, Wei; Fan, Cuihong; Wolfstetter, Elmar G. - 2010

We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions, supplemented by entry fees. Since non-merged firms benefit...

Persistent link: https://www.econbiz.de/10010333759

Business Groups, Bank Control and Large Shareholders: An Analysis of German Takeovers

Boehmer, Ekkehart - 1999

takeovers to test whether group structure, large shareholders, and bank control affect their value to shareholders. First, I … find that takeovers increase bidder value, but generally not that of the business group surrounding it. Second, majority … shareholder. Fourth, the worst takeovers are completed by firms that are majority-controlled by financial institutions. …

Persistent link: https://www.econbiz.de/10011608484