Showing 1 - 10 of 275,332
study methodology to examine the short-term market response to merger announcements in the Indian banking and information … that the shareholders of the bidding firms would incur loss on merger announcements does not hold well in the Indian … perspective. Our findings demonstrate the contrary effect. The bidding firms at least do not fall in deficit from the merger deals …
Persistent link: https://www.econbiz.de/10013099969
movements as the news of the merger is made public. The price movement of the acquiring firm's equity around the announcement of …, researchers have found that, on average, equity values of the acquiring bank do not display abnormal positive returns upon … better compensated for managing larger organizations, particularly when involved in merger activity. This study investigated …
Persistent link: https://www.econbiz.de/10013114289
The current study focuses on the long run value creation by cross border mergers and acquisitions by Indian companies in the period of 1998-2009. Event study methodology has been employed for achieving the purpose. The results revealed that there was significant value deterioration for the...
Persistent link: https://www.econbiz.de/10013022448
, evidence is in strong support that firms with merger-related conference calls yield a higher abnormal return than firms merely …
Persistent link: https://www.econbiz.de/10011848217
There is a widespread belief among observers that a lower premium is paid when the target CEO is retained by the acquirer in a private equity deal because the CEO's potential conflicts of interest leads her to negotiate less aggressively on behalf of the target shareholders. Our empirical...
Persistent link: https://www.econbiz.de/10011963282
By means of a company merger formerly legally and economically independent companies are tied up to an economic entity …. To order the financial state of affairs after the merger, the current shareholders must revalue their stake in the merged … to define an ideal exchange ratio, the valuation problem of a merger was taken up again not earlier than in Hering (2004 …
Persistent link: https://www.econbiz.de/10011791176
This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a … sample of 207 stock-for-stock mergers from 1996 to 2004, we show that target merger premiums vary inversely with target … director representation on the post-merger board. We also provide some evidence that both inside and outside target directors …
Persistent link: https://www.econbiz.de/10012911226
We examine the economic benefits of acquisitions of U.S. public firms. Estimating revelation biases concerning internal investment opportunities, we find that it produces a significant negative bidder announcement effect, often interpreted as shareholder wealth destruction. Examining exogenously...
Persistent link: https://www.econbiz.de/10012972557
Using hand-collected data, we examine the targeting of shareholder class action lawsuits in merger & acquisition (M …&A) transactions, and the associations of these lawsuits with offer completion rates and takeover premia. We find that M&A offers … takeover premia in completed deals, after controlling for the same factors. Economically, the expected rise in takeover premia …
Persistent link: https://www.econbiz.de/10012976259
obtain abnormal returns that are statistically significant after the announcement of the M&A. However, when the merger is not …
Persistent link: https://www.econbiz.de/10013029644