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Persistent link: https://www.econbiz.de/10010421582
We investigate the effects of target initiation in mergers and acquisitions. We find target-initiated deals are common and that important motives for these deals are target economic weakness, financial constraints, and negative economy-wide shocks. We determine that average takeover premia,...
Persistent link: https://www.econbiz.de/10012938413
that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10011490438
The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the …
Persistent link: https://www.econbiz.de/10010512824
The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the …
Persistent link: https://www.econbiz.de/10011195287
The deregulation process in the EU electricity sector triggered strategic decisions that led to industry restructuring …
Persistent link: https://www.econbiz.de/10010762822
shocks drive industry-level clustering of merger activity and “who buys whom?” In the telecom industry, deregulation opened … deregulation was an efficiency-improving restructuring response to increased competition from deregulation and technological change …, and not to increased misvaluation. The economic shocks from deregulation and technological change drive merger activity by …
Persistent link: https://www.econbiz.de/10013036940
Persistent link: https://www.econbiz.de/10013261174
The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the …
Persistent link: https://www.econbiz.de/10011470954
passage of the Telecommunications Act of 1996. The evidence that mergers after telecommunications deregulation generate …
Persistent link: https://www.econbiz.de/10014170109