Similar Search Results

The disciplinary role of leverage : evidence from East Asian cross-border acquirers' returns

Durand, Robert B.; Laing, Elaine; Minh Thao Ngo - In: Finance research letters 18 (2016), pp. 83-88

Persistent link: https://www.econbiz.de/10011656712

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

Changes in Capital Structure : Asset Characteristics or Managerial Preferences

Gombola, Michael - 2013

acquirer and target pre-merger leverage should predict long-term post-merger leverage. We find that only acquirer pre-merger … leverage has a long-term effect. The effect of target pre-merger leverage, while highly significant right after the merger …, disappears after two years. These findings cannot be explained by suboptimal pre-merger leverage of targets, sales of target …

Persistent link: https://www.econbiz.de/10013079974

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

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

Market Misreaction? Leverage and Mergers and Acquisitions

Krishnan, C. N. V.; Yakimenko, Vasiliy - 2022

Using a large database of 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, and compare with non-banks. We find...

Persistent link: https://www.econbiz.de/10013309836

The Impact of Corporate Restructuring on Industrial Research and Development

Hall, Bronwyn H. - 2021

This paper investigates whether the recent wave of corporate restructuring in the United States has had a negative impact on research arid development investment by industrial firms. Using a newly constructed sample of about 2500 manufacturing firms from 1974 to 1987, I examine three major...

Persistent link: https://www.econbiz.de/10013233032

Do acquirers of mega mergers prefer to improve debt level? : an investigation on mega deals and leverage change

Gao, Zaihan; Bao, Yue - In: Finance research letters 47 (2022) 2, pp. 1-11

Persistent link: https://www.econbiz.de/10013553879

Strategic underleveraging and acquisitions

Blomkvist, Magnus; Felixson, Karl; Löflund, Anders; … - In: The journal of corporate finance : contracting, … 76 (2022), pp. 1-20

Persistent link: https://www.econbiz.de/10013494279

Effect of bank mergers on cost of capital : evidence from India

Biswas, Shreya; Sinha, Nivedita - In: Corporate Finance and Financial Development : An …, (pp. 69-82). 2022

Persistent link: https://www.econbiz.de/10013347971