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Impact of Mergers and Acquisitions on Returns to Shareholders of Acquiring Firms : Indian Economy in Perspective

Rani, Neelam - 2012

The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal returns due to the announcement of mergers and acquisitions (M&A) and return on equity funds five years before and after M&A have been examined. The study also performs a...

Persistent link: https://www.econbiz.de/10013099698

Market misreaction? : leverage and mergers and acquisitions

Krishnan, C. N. V.; Yakimenko, Vasiliy - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-21

Using a large database of U.S. mergers and acquisitions (M&As) announced from 2010 through 2017, we examine the effects of capital ratio (leverage) on the announcement period stock price reaction as well as on longer-term stock returns and performance, for banks, making comparisons with...

Persistent link: https://www.econbiz.de/10013165300

Debtholder Wealth Effects in Mergers and Acquisitions : Evidence from the CDS Market

Huettermann, Kai - 2020

This paper examines changes in acquirer and target companies' Credit Default Swap (CDS) spreads as a proxy for default risk around official mergers and acquisitions (M&A) announce-ments. Related literature extensively documents wealth effects triggered by M&A from the shareholders' perspective,...

Persistent link: https://www.econbiz.de/10012843225

An Event Study of the US Airways-American Airlines Merger

Dalkir, Serdar - 2019

The recent merger between US Airways and American Airlines was approved by federal and state antitrust authorities … anticompetitive effects from this merger. The economics literature offers many reasons why such stock-market event studies should not … unrelated to competitive harms, such as when a merger changes expectations that one or more rivals will be “in play” (i.e., a …

Persistent link: https://www.econbiz.de/10012889930

The relationship between announcements of complete mergers and acquisitions and acquirers' abnormal CDS spread changes

Hippert, Benjamin - 2021

Persistent link: https://www.econbiz.de/10012872864

Debtholder Wealth Effects in Mergers and Acquisitions : Evidence from the CDS Market

Huettermann, Kai - 2020

. Therefore, this study aims to close this gap by exploring the effect of merger announcements on CDS spreads empirically. A …

Persistent link: https://www.econbiz.de/10012852376

Value Relevance of Mergers Blocked by Shareholder Lawsuits According to the German Stock Corporation Act : An Event Study

Labrenz, Helfried - 2014

the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any …

Persistent link: https://www.econbiz.de/10013058808

Stock Market Reactions to the Sprint-TMO Merger

Ford, George S. - 2018

I conduct an event study on the proposed $26.5 billion merger between Sprint and T-Mobile. Positive and statistically … and Verizon is consistent with a market power interpretation of the merger. AT&T's returns appear unaffected by news of …

Persistent link: https://www.econbiz.de/10012917791

Does carbon risk matter for corporate acquisition decisions?

Bose, Sudipta; Minnick, Kristina; Shams, Syed - In: The journal of corporate finance : contracting, … 70 (2021), pp. 1-24

Persistent link: https://www.econbiz.de/10012703865

The Relationship between Announcements of Complete Mergers and Acquisitions and Acquirers' Abnormal CDS Spread Changes

Hippert, Benjamin; Uhde, André - 2021

Employing a sample of 492 merger and acquisition (M&A) announcements from 284 acquirers across North America and Europe …

Persistent link: https://www.econbiz.de/10013233811