synergistic expectations. However the evaluation and identification of synergies in mergers and acquisitions is one of the …The aim of mergers and acquisitions is to create wealth for the shareholders and usually this is accomplished through … important issues in Corporate Finance. In this paper it is tested the markets reaction to a sample of 61 mergers/acquisitions in …

value of global diversification.Based on a sample of 1,491 completed cross-border mergers and acquisitions (M&As) conducted …

of the stock market - in particular mergers and acquisitions. In contrast to the actual listing count, the US merger …

value of global diversification. Based on a sample of 1,491 completed cross-border mergers and acquisitions (M&As) conducted …

receive significantly higher payments from bidders than public targets. We find that the private valuation premium is … inversely related to the size of the target. We also find that the private valuation is relatively high when the target has … better access to debt in its home country. Also, the private valuation premium is relatively high when the bidder country …

This study presents the results from a comprehensive out-of-sample test of long-run returns following mergers and … acquisitions (M&As). Using a unique sample from 23 frontier markets of almost 800 transactions conducted during the years 1992 to …

This paper proposes an explanation as to why some mergers fail, based on the interaction between the pre- and post … course of action, the merger goes ahead but fails. Our unique equilibrium allows us to make predictions on which mergers are …

conglomerate mergers, a corresponding critical level of synergies is made explicit, and moral hazard-induced effects are deducted …Managers promises of future synergies are a common means to convince shareholders that an intended merger will raise … remains non-synergetic, and will not necessarily gain even if positive synergies can be realized. In a simple model of …