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of mergers and acquisitions around the world …
Persistent link: https://www.econbiz.de/10012904123
Persistent link: https://www.econbiz.de/10013010589
shock to the threat of takeover to examine whether the market for corporate control has a real effect on firm-level stock … suggests that an active takeover market has a disciplining effect on managerial bad news hoarding and leads to lower future …
Persistent link: https://www.econbiz.de/10012853026
of mergers and acquisitions around the world …
Persistent link: https://www.econbiz.de/10012856158
We study the impact of PE firm and buyout characteristics on default probability employing a Cox proportional hazards model to a global sample of 5,093 buyouts between 1997 and 2012. Our results indicate that investments of generalists have lower default probability than those of specialists....
Persistent link: https://www.econbiz.de/10013025950
in the wake of the Great Depression and have been instrumental in these markets’ long standing as the world’s deepest and …
Persistent link: https://www.econbiz.de/10013403507
The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...
Persistent link: https://www.econbiz.de/10013028661
setting using investment level data. We find allocative inefficiency across ownership to be exacerbated under policy … more capital in certain markets even after returns on investment are dampened by negative policy shocks, suggesting that …
Persistent link: https://www.econbiz.de/10012897632
This paper examines the effect of board governance on investment efficiency. I use the staggered enactment of board … find that investment–Q sensitivity improves by almost half post-reform. This effect is more pronounced for firms that are … suggest that increased board oversight strengthens managers’ incentives to make investment decisions that are more in line …
Persistent link: https://www.econbiz.de/10013246189
Cash acquirers are an interesting sub-group of acquirers. Whereas the overall evidence seems to suggest the majority of mergers and acquisitions destroy shareholder value in the long term, cash-financed acquisitions do not appear to do so. Yet this seems at variance with the prediction from...
Persistent link: https://www.econbiz.de/10013128076