Showing 1 - 10 of 205,210
of explanations, is related to the intensity of the market for corporate control in India. Finally, the post …
Persistent link: https://www.econbiz.de/10010719838
of India from the year 1991 onwards. Off late, the Indian economy has undergone a major transformation and structural … change following the economic reforms, and “size and competence" have become the focus of corporates in India. M&As has … strategy of corporates in India. Research on M&As is important because these transactions have significant long …
Persistent link: https://www.econbiz.de/10012956412
their own pay which could lead to excesses. We relate excess pay to how takeover decisions are received by the market, and … demonstrate that excess compensation negatively affects the acquirer's stock valuation at a takeover announcement. The market is …
Persistent link: https://www.econbiz.de/10012951091
Acquiring firm shareholders place greater value on the purchase of unlisted firms (2.71%) than listed ones (0.59%) for Mergers and Acquisitions (M&As) performed by European listed firms from 2002 to 2007.Managerial opportunism is a determinant in the acquisition of listed firms, occurring with...
Persistent link: https://www.econbiz.de/10013079353
The aim of this paper is to study the influence of the Merger and Acquisition (M&A) payment method decision on the acquiring shareholders' M&A valuation, considering the relevance of the acquiring ownership structure and the legal and institutional environment, and the possibility that the...
Persistent link: https://www.econbiz.de/10013079367
their own pay which could lead to excesses. We relate excess pay to how takeover decisions are received by the market, and … demonstrate that excess compensation negatively affects the acquirer's stock valuation at a takeover announcement. The market is …
Persistent link: https://www.econbiz.de/10012947336
Takeover defenses have long been a topic of considerable interest to scholars of finance and corporate law. Yet the …. This chapter considers a number of major topics related to takeover defenses, including the importance and effects of … poison pills and staggered boards, the causes and consequences of firms' varied levels of takeover defenses, the connection …
Persistent link: https://www.econbiz.de/10012900378
discusses the rise of takeovers and takeover defences in the United States. Against this backdrop, it examines recent … European Takeover Bid Directive, which Professor Hopt has described as “sobering”, in view of the large number of members … continued in discussion of takeovers and takeover defences in relation to two major Asian economies, Japan and China. As the …
Persistent link: https://www.econbiz.de/10012857505
We examine firm value consequences of anti-takeover regulation, exploiting the staggered announcement and … implementation of an anti-takeover regulation in the U.K. We show that, on average, takeover protection increases firm value. This … effect is partly driven by innovative firms expanding their R&D activities. However, the anti-takeover regulation also …
Persistent link: https://www.econbiz.de/10012927644
We show that a large number of firms adopt poison pills during periods of market turmoil. In particular, during the coronavirus (COVID-19) pandemic, many firms adopted poison pills in response to declines in valuations, and stock prices increased upon their announcements. This increase is driven...
Persistent link: https://www.econbiz.de/10012216686