Shareholders' wealth has become an important concept among investors in the globalized economy. Investors who have a … variety of options will be interested in evaluating the performance of corporate sector in terms of shareholders' wealth … before making any investments. Shareholders' wealth is measured in terms of Economic Value-Added (EVA). The present study …

shareholders, the empirical evidence has shown only its value destruction to shareholders. This paper offers an (partial … effect is larger for (32~43 bps) for financially constrained firms and firms whose controlling shareholders have more shares …

conditional model the results indicate that after controlling for the self-selection bias effect, shareholders of bidder firms … make normal returns. Results are robust and consistent with conventional economic theory. In sum failing to account for …