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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
Recent academic studies indicate that acquirers' cumulative abnormal returns (CAR) decline from deal to deal in acquisitions programs. Does this pattern suggest hubristic CEO behaviors are significant enough to influence average CAR patterns during acquisitions programs? An alternative...
Persistent link: https://www.econbiz.de/10013150703
-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …
Persistent link: https://www.econbiz.de/10012841927
This paper shows that country-level differences in creditor protection affect bond performance around cross-border M&A announcements. Using Eurobonds and a global sample of 1,100 cross-border M&As, we find that the bondholders of bidding firms respond more positively to deals that expose their...
Persistent link: https://www.econbiz.de/10012961171
share and therefore there is a tendency on the part of companies to go for merger with the ultimate objectives of gaining … synergies and better performance. Secondary data revealed the due to merger, there was decline in return on assets, but the … executives found that merger improved overall performance. However, the author also finds that there is lack of proper …
Persistent link: https://www.econbiz.de/10012896030
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
their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the … determining post-merger outcomes of new company, specifically when it comes to their survival/failure. Namely, increases in pre-merger … commitment by SPAC stakeholders and initial positive market performance increase post-merger survival likelihood. On the contrary …
Persistent link: https://www.econbiz.de/10012969005
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
Do managers time the market when they make merger decisions? Merger and acquisition waves seem to correspond with …
Persistent link: https://www.econbiz.de/10013008783
The present study focuses upon the comparison between the pre and post merger financial performance of the Indian …
Persistent link: https://www.econbiz.de/10013022450