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firm may be encroached by shareholders and managers after the announcement in the U.S. but not in China. However, for … on average, while those in China can profit from it before the information is officially released; however, the incentive …
Persistent link: https://www.econbiz.de/10013143825
The effects of private equity buyouts on employment, productivity, and job reallocation vary tremendously with macroeconomic and credit conditions, across private equity groups, and by type of buyout. We reach this conclusion by examining the most extensive database of U.S. buyouts ever...
Persistent link: https://www.econbiz.de/10013163171
Study of the impact of mergers and acquisitions (M&As) on productivity and market power has been complicated by the difficulty of separating these two effects. We use newly-developed techniques to separately estimate productivity and markups across a wide range of industries using detailed...
Persistent link: https://www.econbiz.de/10011578753
-corruption campaign across different regions in China, we find in a difference-in-difference (DID) setting that the reduction in … corruption increases cross-region takeover activities by 40% and deal volume more than doubles. Further analysis reveals that the …
Persistent link: https://www.econbiz.de/10013242403
This paper investigates the value successful bidders generate from acquiring less liquid targets. This synergy is traced with both theoretical and empirical evidence from the squeeze-out stage of going private transactions, when bidders hold sizeable toeholds in target shares. On one side, via...
Persistent link: https://www.econbiz.de/10012936309
We examine how the trade shock from China influences the behavior and investment performance of overconfident CEOs in U …
Persistent link: https://www.econbiz.de/10013225891
for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …
Persistent link: https://www.econbiz.de/10010372686
This study focuses on the linkages occurring between UK service multinationals and their local suppliers in China and …
Persistent link: https://www.econbiz.de/10012982353
We investigate the extent to which the scheduled release of macroeconomic indicators affects the acquirer's value in Mergers and Acquisitions (M&As). We find that M&As announced on days of the release of key macroeconomic indicators (i.e. indicator days) realize higher announcement period...
Persistent link: https://www.econbiz.de/10013244178
Davis, Haltiwanger, Handley, Lerner, Lipsius, and Miranda (2019) produce an extension to the Davis et al. collection without addressing the critical research design issues raised in Ayash and Rastad (2017) and Ayash and Rastad (2018). First and foremost, the authors misrepresent their sample as...
Persistent link: https://www.econbiz.de/10012860105