Similar Search Results

Der Einfluss von Produktionseigenschaften auf Kapitalstruktur und M&A

Reinartz, Sebastian Johannes - 2013

Persistent link: https://www.econbiz.de/10010234397

Post-Merger Integration Duration and Leverage Dynamics of Mergers : Theory and Evidence

Huang, Jing; Pierce, Joshua R.; Tsyplakov, Sergey - 2015

We introduce the concept of the post-merger integration duration (PMID) which is the time delay that it takes a merged … the time of a merger, and gradually levers up as the integration period nears completion. We hand collect a unique data …

Persistent link: https://www.econbiz.de/10013038169

Market misreaction? : leverage and mergers and acquisitions

Krishnan, C. N. V.; Yakimenko, Vasiliy - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-21

Using a large database of U.S. mergers and acquisitions (M&As) announced from 2010 through 2017, we examine the effects of capital ratio (leverage) on the announcement period stock price reaction as well as on longer-term stock returns and performance, for banks, making comparisons with...

Persistent link: https://www.econbiz.de/10013165300

The Impact of Bank Mergers on Liquidity Creation

Pana, Elisabeta - 2010

Using 189 commercial bank mergers between 1997 and 2004, we document a positive impact of the merger activity on bank …

Persistent link: https://www.econbiz.de/10013150608

Debt Renegotiation and Debt Overhang : Evidence from Lender Mergers

Chu, Yongqiang - 2019

This paper studies whether debt renegotiation mitigates debt overhang and improves investment efficiency. Using mergers between lenders participated in the same syndicated loans as natural experiments that exogenously reduce the number of lenders and thus make renegotiation easier, I find that...

Persistent link: https://www.econbiz.de/10012903409

Effect of Mergers on Capital Structure of a Firm

Kiprotich Tuwe, Joseph - 2016

Mergers in Kenya banking industry have grown dramatically since 1994. Some of the reasons put forward for mergers are to meet the increased levels of share capital, market share, firm size, information asymmetry, tax regimes, and to benefit from best global practices among others. The banking...

Persistent link: https://www.econbiz.de/10012977879

Capital Structure Before and after Merger and Acquisition : Banking Industry in Malaysia

Ong, Tze San - 2015

Persistent link: https://www.econbiz.de/10013010018

Asset Volatility and Capital Structure : Evidence from Corporate Mergers

Levine, Oliver - 2020

identify the effect of business risk on capital structure. We find that post-merger changes in leverage and cash holdings are … strongly predicted by expected asset volatility changes estimated using pre-merger information. These capital structure …

Persistent link: https://www.econbiz.de/10012856772

Evidence on the Association between Mergers and Capital Structure

Shrieves, Ronald E. - 2014

This article examines whether merger per se may be related to changes in the capital structure of the participating … firms. The findings are consistent with the existence of merger-related incentives to increase financial leverage for a … strong relationship between merger accounting procedures (purchase vs. pooling) and relative increases in leverage …

Persistent link: https://www.econbiz.de/10013048446

Sarbanes-Oxley, Capital Structure and the Choice of Payment in Mergers and Acquisitions

Chai, Tim - 2016

The present paper studies the impact of the SOX act to the choice of payment in Mergers & Acquisitions for firms with different capital structures. Use Probit and Tobit models to access the firms' pre-acquisition leverage levels as well as the leverage changes of firms because of the SOX act....

Persistent link: https://www.econbiz.de/10012988579