Purpose – The paper aims to investigate whether the wave of mergers observed in other European countries is suitable for the German banking industry. Design/methodology/approach – This question is approached by studying the relationship between market structure and profit (the so-called...

Purpose – The purpose of this paper is to investigate the role of specific variables, that are strategic orientations, organizational model and prior acquisitions experience, in the management of acquisitions that are not motivated exclusively by financial objectives....

Purpose - The purpose of this paper is to identify and investigate firm level determinants of the firm's decision on acquisition strategy. Design/methodology/approach – A total of 360 firms across fast growing sectors in India, namely automobile, FMCG and pharmaceutical were selected for six...

Purpose – A friendly merger can be structured as a one-step transaction or a two-step transaction. For a variety of reasons, such as the fast speed with which two-step mergers are completed, there are concerns about whether target shareholders are disadvantaged by this structure in comparison...

Purpose – Abandoned acquisitions represent a significant aspect of acquisition activity. Despite this, little analysis of aggregate abandoned acquisition activity has been conducted. This paper aims to address this gap by analysing trends in aggregate abandoned acquisitions....

Purpose – The purpose of this paper is to examine how long a real estate investment trust (REIT) initial public offer (IPO) survives until a merger occurs, and to determine the impact of different firm characteristics that exist at the time of the IPO on that survival in the aftermarket...

Purpose – The purpose of this paper is to provide a comprehensive initial evaluation of divestiture gains for reacquired carve-out parent and subsidiary second event and three-year returns for the period 1980-2010. Design/methodology/approach – Using several variables, we contrast reacquired...

Purpose – The purpose of this study is to investigate the benefits of using a more diverse derivative strategy of a fund in relation to their performance and risk characteristics. Design/methodology/approach – In this study, samples of 3,382 individual hedge funds and 761 funds of hedge...

Purpose – The purpose of this paper is to investigate the role of acquirer's earnings quality on the choice of payment method in mergers and acquisitions (M&A). Design/methodology/approach – The paper applies a simultaneous equations model to address the concern of endogeneity between...

Purpose – This paper aims to examine value gains to acquirers in large commercial bank mega-mergers (with transaction values over £1 billion) that occurred in the European Union during the period 1997-2007, distinguishing between domestic and cross-border transactions....