Showing 21 - 30 of 20,596
Purpose – This paper seeks to provide the reader with a clear insight into the discussion over the voluntary aspect of corporate social responsibility (CSR) and the attempts to introduce regulatory reforms to control corporate activities within Australia. Design/methodology/approach – This...
Persistent link: https://www.econbiz.de/10014781690
We consider takeover bidding in a Cournot oligopoly when firms have private information concerning the synergy effect of merging with a takeover target. Two auction rules are considered: standard first-price and profit-share auctions, supplemented by entry fees. Since non-merged firms benefit...
Persistent link: https://www.econbiz.de/10010333759
also consistent with other stylized facts about takeovers and generates novel testable predictions. …
Persistent link: https://www.econbiz.de/10010334085
takeovers to test whether group structure, large shareholders, and bank control affect their value to shareholders. First, I … find that takeovers increase bidder value, but generally not that of the business group surrounding it. Second, majority … shareholder. Fourth, the worst takeovers are completed by firms that are majority-controlled by financial institutions. …
Persistent link: https://www.econbiz.de/10011608484
performance. By exploiting variations in firms' ownership generated by takeovers, we find that belonging to the same community of …
Persistent link: https://www.econbiz.de/10011653146
to important business decisions, specifically those involving corporate takeovers. Consistent with the evidence from …
Persistent link: https://www.econbiz.de/10011843255
With indivisible shareholdings and simultaneous shareholder decision-making, the existing takeover literature provides a reasonable profit only in asymmetric equilibria. We allow the raider to approach shareholders sequentially and thereby find a unique equilibrium that produces the same outcome.
Persistent link: https://www.econbiz.de/10014589070
Governments in several countries have recently spent considerable effort to defend domestic firms against acquisition attempts from abroad and instead favoured mergers among national firms. In this paper we offer an explanation why globalization can reinforce the case for promoting national...
Persistent link: https://www.econbiz.de/10010264736
activity in a similar manner, employment authorities may be able to anticipate the regions in which takeovers are more likely …
Persistent link: https://www.econbiz.de/10010267376
This paper examines voluntary disclosure of profit forecasts by bidding companies during takeovers. Disclosure is …
Persistent link: https://www.econbiz.de/10009475646