Similar Search Results

Return to Invested Capital and the Performance of Mergers and Acquisitions

Qian, Jun - 2017

We evaluate the efficiency of capital deployment for acquiring firms before M&As, defined as the return on invested capital net of the cost of capital, and link this measure to firms' post-acquisition performance. Acquirers with higher, pre-acquisition net returns on investment have superior...

Persistent link: https://www.econbiz.de/10012973061

Efficiency, Value Addition and Performance of US Bank Mergers

Khan, Abu - 2017

that the industry-adjusted operating performance of merged banks increases significantly after a merger. This finding is … significantly after a merger. Revenue enhancement opportunity appears to be more profitable if there exists more opportunity for …

Persistent link: https://www.econbiz.de/10012964750

The Success of Bank Mergers Revisited : An Assessment Based on a Matching Strategy

Behr, Andreas - 2016

The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has not yet been conclusively resolved in the literature. We argue that this is partly due to the severe methodological problems involved. In this study, we analyze the effect of...

Persistent link: https://www.econbiz.de/10012989277

Post-Merger and Acquisition Performance and Risk Factors : An International Study

Thompson, Ephraim Kwashie - 2020

After the completion of a merger and acquisition (M&A), a number of factors may affect the performance, probability of … likelihood of performance-induced delisting of acquirers post-merger. We find no support for the ownership level of the acquirer …

Persistent link: https://www.econbiz.de/10012832558

Review Article : Financial Performance Measures in Merger and Acquisition Studies

Hashemian-Rahaghi, Seyed-Reza - 2019

during tough times or where environmental factors provided context for restructurings. Size of the merger participants and …

Persistent link: https://www.econbiz.de/10012864766

Operating Performance Improvements after Corporate Takeovers : Fact or Fallacy?

Amel-Zadeh, Amir - 2020

The paper investigates the post-takeover operating performance of a sample of the 50 largest mergers announced on the … recent merger literature suffer from various accounting biases which are predominantly responsible for the general findings … accounting biases in various earnings measures. The paper further investigates the determinants of the deterioration in post-merger …

Persistent link: https://www.econbiz.de/10012857640

Corporate acquisitions and bank relationships

Volosovych, Vadym; Poelhekke, Steven; Vlahu, Razvan - 2021

Using a large dataset of firm-bank and ownership information for 23 European countries over 2008-2015, we study the dynamics of bank relationships after corporate acquisitions and the effects of changing banks on firm performance. Foreign acquirers do not rely on internal capital markets but...

Persistent link: https://www.econbiz.de/10012621574

Compensations of top executives and M&A behaviors : an empirical study of listed companies

Xue, Jiao; Fan, Heng; Dong, Zhanxun - In: International Journal of Financial Studies : open … 8 (2020) 4/64, pp. 1-13

This study empirically examines the relationship between executive compensation and mergers and acquisitions (M&A) behaviors by identifying the influence of short- and long-term incentive on the propensity and scale of M&A. When the short-term incentive is insufficient, M&A behaviors serve as a...

Persistent link: https://www.econbiz.de/10012321119

Cohabitation before Marriage : Do Prior Alliances Enhance Post-Merger Performance?

He, Zhaozhao - 2018

This paper investigates whether and how prior alliance relationships create value in the context of subsequent mergers between partner firms. We argue that an acquirer's prior alliance experience with the target reduces information asymmetry and thus improves acquisition performance....

Persistent link: https://www.econbiz.de/10012937976

The Effects of Information Systems Compatibility on Firm Performance Following Mergers and Acquisitions

Murthy, Uday S. - 2020

ERP vendor as their targets exhibit shorter post-merger operating cycles and shorter post-merger audit delays relative to … systems compatibility fostering post-merger operating efficiency to a greater degree than mergers involving incompatible … compatibility between acquirer and target ERP systems impacts post-merger activities across different economically significant …

Persistent link: https://www.econbiz.de/10012850164