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, we find that the industry distribution is significantly different for failure and acquisitions. This calls for some kind …
Persistent link: https://www.econbiz.de/10005098062
Initial public offerings and acquisitions are decisive and unique events in a firm’s life cycle. Motivations of private … analyze the relationship between initial public offerings and acquisitions in Central and Eastern Europe. We find evidence …
Persistent link: https://www.econbiz.de/10010778850
acquisitions, than firms going public in other periods. The effect of favorable investor sentiment on investment is more pronounced … to worse operating or stock performance. Stock returns around acquisitions announcements are also positive for firms …
Persistent link: https://www.econbiz.de/10010574268
to target shareholders (13-15%). We find that acquisitions with fewer MAE exclusions are characterized by wider arbitrage … clauses have an economically important impact on the dynamics of corporate acquisitions and stock prices during the …
Persistent link: https://www.econbiz.de/10008614974
Using a hand-collected data set of private firm acquisitions and IPOs, this paper develops the first empirical analysis …'s choice between IPOs and acquisitions. Our analysis of private firm valuations in IPOs and acquisitions indicates that IPO …'s propensity to choose IPOs over acquisitions. Further, after controlling for the long-run component of the expected payoff to firm …
Persistent link: https://www.econbiz.de/10011052897
Building on two sources of exogenous shocks to analyst coverage (broker closures and mergers), we explore the causal … compensation, its management is more likely to make value-destroying acquisitions, and its managers are more likely to engage in …
Persistent link: https://www.econbiz.de/10011189253
companies in the shipping industry in period 2004-2011. We confirm that SPACs focused on acquisitions in the shipping industry …
Persistent link: https://www.econbiz.de/10010327773
This study presents two tests of the hypothesis that adoption of an internal ratings-based approach to determining minimum capital requirements, proposed as part of the Basel II capital accord, would cause adopting banking organizations to increase their acquisition activity. The study employs...
Persistent link: https://www.econbiz.de/10011689918
companies in the shipping industry in period 2004-2011. We confirm that SPACs focused on acquisitions in the shipping industry …
Persistent link: https://www.econbiz.de/10010225447
, diversification discount, frequency and returns of diversifying mergers, and frequency of refocusing activity …
Persistent link: https://www.econbiz.de/10012940392