The Importance of the Bidder Motive in the Wealth Effect of Takeovers.

Event studies on shareholder wealth effects of American and French takeovers find out that targets clearly gain, and bidders do not lose. We estimate in this study the abnormal returns associated with takeovers in the French market during the period of intense acquisition activity of 1991 - 1997.

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Year of publication:	2000
Authors:	Phelizon, C.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	MERGERS \| ENTERPRISES

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	17 pages
Classification:	G34 - Mergers; Acquisitions; Restructuring; Corporate Governance ; G30 - Corporate Finance and Governance. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005630687