We examine the announcement and post‐acquisition share returns of UK acquirers in over 4,000 acquisitions of domestic, cross‐border, public and private targets. Domestic public acquisitions result in negative announcement and post‐acquisition returns, whilst cross‐border public...

This study explores the patterns of growth, acquisition and failure amongst a sample of UK small and medium sized enterprises (SMEs) over the period 1997-2002 using the 1997 panel data collected by the Centre for Business Research at Cambridge University. The research explores the determinants...

We investigate the relation between takeover performance and board share ownership in the acquiring company for a sample of 363 UK takeovers completed in the period 1985-96. In investigating this relationship we pay particular attention to the composition of board shareholdings as well as their...

We examine empirically the relative performance effects of single and multiple acquirers. We find little difference between them. However, we do find that for multiple acquirers short and long run performance declines significantly with each subsequent acquisition. We find that this pattern is...

This paper investigates factors that affect rejection rates in applications for outside finance among different types of investors (banks, venture capital funds, leasing firms, factoring firms, trade customers and suppliers, partners and working shareholders, private individuals and other...