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Female Directors and UK Company Acquisitiveness

Dowling, Michael M. - 2013

The presence, and proportion, of female directors is found to strongly influence the level of acquisitiveness of a company. This finding is made through a novel dataset covering significant size acquisitions made by FTSE 100 constituents between 2000 and 2011 and includes multiple controls for...

Persistent link: https://www.econbiz.de/10013091743

To Scheme or Not to Scheme : Perceptions of Schemes of Arrangement Takeovers

Law Chapple, Larelle - 2009

achieving control, as a genuine alternative to a formal takeover bid. This is generally attributed to schemes being a more …

Persistent link: https://www.econbiz.de/10013157416

Defined Contribution Pension Risk and Mergers and Acquisitions : Evidence from United Kingdom

Hegde, Shantaram P. - 2020

, DB schemes of target firms may reduce the takeover likelihood and bidder DB schemes may influence payment currency choice … takeover bids for United Kingdom (UK) listed companies during 2002-12, we find that bidder and target DC costs decrease the … takeover decision, target selection, payment currency choice and shareholder wealth and should not be neglected in view of the …

Persistent link: https://www.econbiz.de/10012833921

Internet Appendix to : Overbidding in Mergers and Acquisitions: An Accounting Perspective

Bartov, Eli - 2020

This Internet Appendix (IA) contains three sections: The first section provides variable definitions (Section IA1), the second section outlines the development and estimation of the overbidding measure, as well as reports summary statistics and estimation results (Section IA2), and the third and...

Persistent link: https://www.econbiz.de/10012838705

Manager Sentiment, Deal Characteristics, and Takeover Performance

An, Suwei - 2020

Literature has extensive discussions on the driving forces of takeover activities, including investor sentiment …, liquidity, and fundamental shocks. We examine how manager sentiment affects takeover characteristics and long-term performance … strong positive predictive power for takeover waves. Firms with high manager sentiment tend to acquire large and private …

Persistent link: https://www.econbiz.de/10012842770

Misvaluation and Financial Constraints : Method of Payment and Buyer Identity in Mergers & Acquisitions

Berg, Aron - 2017

The paper studies how stock price misvaluation and financial frictions affect whether an acquisition occurs between or within industries and whether the acquirer pays in cash or stocks. I set up a model where stock market misvaluation correlates within industries and across industries and assume...

Persistent link: https://www.econbiz.de/10012961048

Officers’ Fiduciary Duties and Acquisition Outcomes

Reza, Syed Walid - 2019

Using a Delaware case law that recognized officers' distinct fiduciary duties (OFDs) for the first time in 2009, I examine the effect of OFDs on corporate acquisitions. I find that firms with entrenched officers prior to 2009 experienced increased announcement-period abnormal stock returns,...

Persistent link: https://www.econbiz.de/10012905387

A Research Note on Bargain Purchase Gains on Acquisition

Kabir, Humayun - 2018

I explore the incidence, amounts, disclosure and potential sources of bargain purchase gains reported by an Australian sample of firms during 2013-15. I find that 7.58% of the acquirers reported bargain purchase gains during this period. The median gain as a percentage of consideration...

Persistent link: https://www.econbiz.de/10012911786

How Does Private Firm Innovation Affect Anti-Takeover Provisions in Corporate Charters? Evidence from Firms Going Public

Chemmanur, Thomas J. - 2019

Using data on anti-takeover provisions (ATPs) and top management characteristics hand-collected from IPO prospectuses …

Persistent link: https://www.econbiz.de/10012897332

Cash-Rich Acquirers Do Not Always Make Bad Acquisitions : New Evidence

Gao, Ning - 2018

Cash-rich acquirers on average perform better than their cash-poor counterparts. This observation is driven by financially constrained acquirers and by the deals made between the 1990s and 2000s. It is robust to alternative measures of financial constraints, to both the short term and the long...

Persistent link: https://www.econbiz.de/10012936514