Management Motive, Shareholder Returns, and the Choice of Payment: Evidence from the UK

Prior studies have reported mixed Þndings regarding bidder shareholder returns. There are many theories regard-ing the motivation towards the initiation of a takeover. This study intends to analyze four major merger motivations separately and examine the impact each has on bidder re-turns. We Þnd the market reacts according to the nature of the takeover and the underlying motive behind the bid.

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Year of publication:	2004
Authors:	Raj, Mahendra ; Forsyth, Michael
Published in:	American Journal of Business. - Emerald Group Publishing. - Vol. 19.2004, 1, p. 23-30
Publisher:	Emerald Group Publishing
Subject:	Bidder \| Merger motivations \| Shareholder returns \| Takeover

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Extent:	text/html
Type of publication:	Article
Classification:	R00 - Urban, Rural, and Regional Economics. General ; Z0 - Other Special Topics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010610941