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Mergers and Acquisitions : CEO Duality, Operating Performance and Stock Returns

Pham, Nga - 2014

The paper provides evidence, in an emerging market context in the Pacific Basin, that the CEO duality leadership structure of a firm does impact the strategic decisions made by the firm. Specifically, firms that are run by CEO duality structure are perceived by the capital market to be better...

Persistent link: https://www.econbiz.de/10013059716

Does Mode of Payment Matter in Mergers and Acquisitions in Determining Announcement Returns and Operating Performance? : A Study of Indian Companies Acquiring Foreign Targets

Tripathi, Vanita - 2015

The present study examines the impact of mode of payment used in cross border mergers and acquisitions by Indian companies on the abnormal returns generated on account of announcement and the post merger operating and financial performance. The study considers the cross border M & A undertaken...

Persistent link: https://www.econbiz.de/10013022449

Disentangling the Link between Stock and Accounting Performance in Acquisitions

Betzer, André - 2015

We study the accounting and stock performance of 4,547 US acquisitions during 1989 and 2008. We categorise acquisitions into four types based on the four possible combinations of positive or negative abnormal stock performance and abnormal accounting performance. First, we compare the bidder,...

Persistent link: https://www.econbiz.de/10013039332

Do Corporations Learn from Mispricing? Evidence from Takeovers and Corporate Performance

Adra, Samer; Barbopoulos, Leonidas G. - 2021

In this article we form the simple prediction that mispricing encourages traders to collect costly information that guides managerial decisions at corporate level. Our findings support this prediction based on evidence derived from both the US market for corporate control and the overall...

Persistent link: https://www.econbiz.de/10013240066

Does speculative news hurt productivity? : evidence from takeover rumors

Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021 - [Vers. 04/2024]

announcements of takeover rumors that do not materialize. Such speculative news may hurt productivity because uncertainty and threat … effects of speculative financial news and the costs of takeover threats. …

Persistent link: https://www.econbiz.de/10014540304

Accounting Choice, Announcement Returns and Operating Performance in Stock-for-Stock Acquisitions

Pandit, Shail - 2009

Until 2001, certain stock acquisitions could be accounted for as pooling-of-interests. There were concerns that pooling was associated with earnings fixation and weak corporate governance. I investigate the cross-sectional variation in the purchase-pooling choice and its association with...

Persistent link: https://www.econbiz.de/10014046834

Market valuation and acquiring firm performance in the short and long term : out-of-sample evidence from Spain

Farinós Viñas, José Emilio; Herrero, Begoña; … - In: Business research quarterly : BRQ 23 (2020) 1, pp. 1-14

Persistent link: https://www.econbiz.de/10012169807

Performance Pay, CEO Dismissal and the Dual Role of Takeovers

Burkart, Mike - 2019

We propose that an active takeover market provides incentives by offering acquisition opportunities to successful … and takeover threat. As a result, the takeover market is not sufficiently liquid and too few takeovers occur. Furthermore …, the liquidity in the takeover and managerial labour markets are inversely related. When poaching successful managers …

Persistent link: https://www.econbiz.de/10012905999

Two Decades of Development of Tender Offer Market in Japan : An Analysis of Regulatory Changes, Offer Premiums and Share Price Reactions

Kruse, Timothy A. - 2010

Over the past 20 years, there have been several important changes in Japanese takeover regulations. The changes have …

Persistent link: https://www.econbiz.de/10013146665

Newly Adopted Corporate Governance Mechanism Impact on the Performance of Public Japanese Overseas Acquirers

Alzaidi, Faisal - 2017

adopted corporate governance mechanism in Japan is still not as effective as in other developed markets such as USA and might …

Persistent link: https://www.econbiz.de/10012963554