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What Drives Returns and Underpricing of Seasoned Equity Offerings in Taiwan?

Fung, Hung‐Gay; Tsai, Pei‐Shan; Yu, Chin‐Ping - In: Journal of Asia Business Studies 4 (2009) 1, pp. 13-22

We use over 200 firms in Taiwan to examine two issues: (1) how investors in Taiwan react to seasoned equity offerings (SEOs) when firms plan to make capital investments, and (2) factors driving the underwriting price of the stock offerings. Our results indicate that investors seem to have strong...

Persistent link: https://www.econbiz.de/10014838273

An Investigation of Poison Pill Securities, Long‐Term Debt, and the Wealth of Shareholders

Forjan, James; Van Ness, Bonnie - In: American Journal of Business 18 (2003) 2, pp. 17-22

Poison pill securities can be used to deter takeover activity by making the acquisition cost prohibitive or to increase bargaining power of target firms. Poison pills, which are also known as shareholder rights plans, are typically used in conjunction with other takeover defense mechanisms, such...

Persistent link: https://www.econbiz.de/10014668221

Post‐merger performance of agricultural cooperatives

Richards, Timothy J.; Manfredo, Mark R. - In: Agricultural Finance Review 63 (2003) 2, pp. 175-192

During the 1990s, the rate of consolidation among agricultural cooperatives, including mergers, acquisitions, strategic …

Persistent link: https://www.econbiz.de/10014667297

Performance of Mergers and Acquisitions in the Pharmaceutical Industry: A Comparative Perspective

Demirbag, Mehmet; Ng, Chang‐Keong; Tatoglu, Ekrem - In: Multinational Business Review 15 (2007) 2, pp. 41-62

This study provides new evidence on the nature of value creation in M&A activity based on a sample of giant pharmaceutical M&As and independent non‐M&A rival firms. Relying on multiple indicators of performance, their post‐M&A performance was compared with their pre‐M&A performance as well...

Persistent link: https://www.econbiz.de/10014931818

Strategic Inertia and the Japanese Pharmaceutical Industry

Slater, Stephanie; Paliwoda, Stan; Slater, Jim - In: Multinational Business Review 16 (2008) 4, pp. 1-24

, but mergers, acquisitions, and other convergence strategies are now being observed. …

Persistent link: https://www.econbiz.de/10014931841

To risk or not to risk

In: Strategic Direction 32 (2016) 8, pp. 12-14

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places...

Persistent link: https://www.econbiz.de/10015012519

Africa: a new potential of growth for Danone through multiple acquisitions

Bouchet, Christelle - In: Strategic Direction 32 (2016) 9, pp. 28-31

which is one of the main worldwide player in the food market decided to go into mergers and acquisitions in Africa since the … relatively untapped market, and mergers and acquisitions in Africa represent a promising opportunity for companies that want to …

Persistent link: https://www.econbiz.de/10015012622

Competition for External Resources, Entry Order, and the Stock Market Reaction to Alliances and Acquisitions

Sánchez‐Lorda, Pablo; García‐Canal, Esteban - In: Management Research: Journal of the Iberoamerican … 3 (2005) 3, pp. 189-207

We analyze how entry order in a new field influences the stock market reaction to strategic alliances and acquisitions … process of convergence between two markets, whereas acquisitions would be more valued in the later stages. Using a sample of … alliances and acquisitions carried out by European telecom firms, our hypotheses have been confirmed. …

Persistent link: https://www.econbiz.de/10014950021

An Examination of Dynamic Capabilities: Is Evolutionary Theory Underdetermined?

Vassolo, Roberto S.; Anand, Jaideep - In: Management Research: Journal of the Iberoamerican … 6 (2008) 1, pp. 47-62

acquisitions and alliances. However, nonunique but competitive predictions about the behavior of these capabilities arise from the … evolutionary theory. We test these competitive hypotheses analyzing portfolios of acquisitions and alliances made by pharmaceutical …

Persistent link: https://www.econbiz.de/10014950052

Deciding Between Acquisition and Joint Venture: Intangible Resources and Similarity

Montoro‐Sanchez, Ángeles; … - In: Management Research: Journal of the Iberoamerican … 7 (2009) 1, pp. 21-32

between acquisitions and joint ventures and whether it is different in domestic and European operations. In order to test … these relations, a sample of domestic and European growth deals was selected (563 deals, of which 449 are acquisitions and … 114 are joint ventures). Results demonstrate that it is more probable that firms will choose acquisitions if there is a …

Persistent link: https://www.econbiz.de/10014950065