Similar Search Results

An Investigation of Pooled Purchasing as a Source of Value Creation in Diversifying Acquisitions

Greene, Daniel - 2017

We take a broad product markets approach to examine whether pooled purchasing is a source of value creation in diversifying acquisitions. We find that our proxies for the merging firms' change in purchasing concentration are positively related to the combined wealth effect of merging firms,...

Persistent link: https://www.econbiz.de/10012974499

A Note on Merger and Acquisition Evaluation

Furlan, Benjamin - 2014

evaluating economic effects of merger and acquisitions (M&As). This framework allows to consider the variation in treatment …

Persistent link: https://www.econbiz.de/10013058507

Wealth Effects of Acquisitions in New Active Market for Corporate Control

Inoue, Kotaro - 2014

This study examines wealth effects of mergers and acquisitions in developing mergers and acquisitions market by using data of both domestic and cross-border acquisitions by Japanese firms. Although Japan had the second largest GDP in the world during the analyzed period, active market for...

Persistent link: https://www.econbiz.de/10013058768

Impact of Company’s Size on Takeover Success

Filipović, Davor - 2015

main aim of this paper is to analyze the impact of company's size on takeover success. Successful takeover is defined as … takeover in which target company performs better in the period after the takeover than in the period before the takeover … successful is target company's performance after the takeover was tested and confirmed on the 43 companies that were acquired in …

Persistent link: https://www.econbiz.de/10013019636

Learning Not to Diversify : The Transformation of Graduate Business Education and the Decline of Diversifying Acquisitions

Jung, Jiwook - 2018

Once a preferred strategy, diversification has gradually been deinstitutionalized in the United States over the past several decades. We argue that changes that occurred in a closely related domain — graduate business education — are important in understanding variation in de-diversification...

Persistent link: https://www.econbiz.de/10012923964

The economic effects of private equity buyouts

Davis, Steven J.; Haltiwanger, John C.; Handley, Kyle; … - 2021

We examine thousands of U.S. private equity (PE) buyouts from 1980 to 2013, a period that saw huge swings in credit market tightness and GDP growth. Our results show striking, systematic differences in the real-side effects of PE buyouts, depending on buyout type and external conditions....

Persistent link: https://www.econbiz.de/10012631151

Shareholders, Not Politicians, Should Decide on Takeovers

Jessop, Julian - 2021

The ongoing controversy over Melrose’s purchase of engineering company GKN illustrates many common misunderstandings about how free markets can work to the benefit of all. Shareholders, not politicians, should decide how to run their businesses, including whether a new management team could do...

Persistent link: https://www.econbiz.de/10013224806

Managerial Talk of Trust and Takeover Performance

Ghufran, Bushra - 2021

of SEC filings (10-K Form) and the prognostic power of such language for takeover performance. The sample under study … long-term takeover performance, suggesting that managerial virtuous talk is, in practicality, an indication of lower post …-acquisition gains for the acquirers in the long run. Furthermore, takeover returns are found to reflect textual information on trust …

Persistent link: https://www.econbiz.de/10013243561

M&As, investment and financing constraints

Stiebale, Joel; Wößner, Nicole - 2017

We use a panel data set of European firms to analyse the effects of domestic and international M&As on target firms' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our results indicate that upon acquisition, target...

Persistent link: https://www.econbiz.de/10011671647

Tapping into financial synergies : alleviating financial constraints through acquisitions

Williamson, Rohan; Yang, Jie - 2018 - This version: May, 2018

The paper examines whether financially constrained firms are able to use acquisitions to ease their constraints. The results show that acquisitions do ease financing constraints for constrained acquirers. Relative to unconstrained acquires, financially constrained firms are more likely to use...

Persistent link: https://www.econbiz.de/10012016094