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Private value takeover auctions with toeholds : an experimental study

Dodonova, Anna; Khoroshilov, Yuri - In: Games 12 (2021) 2, pp. 1-10

This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory …

Persistent link: https://www.econbiz.de/10012547676

Do takeover threats stifle or promote managerial efforts to innovate? : evidence from takeover vulnerability, and text-based measure of innovation

Denlertchaikul, Nattarinee; Pattanaporn Chatjuthamard; … - In: Administrative Sciences : open access journal 12 (2022) 3, pp. 1-17

high takeover threat. This study examines the effects of hostile takeover threats on managerial efforts to innovate. Our … results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest … that managers tend to be more myopic when firms are exposed to hostile takeover threats. Managers will put less effort into …

Persistent link: https://www.econbiz.de/10013396009

Market misreaction? : evidence from cross-border acquisitions

Krishnan, CNV; Wu, Jialun - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-19

Our goal in this paper is to answer this research question: Do investors understand the longer-term value-implications of cross border mergers and acquisitions, as at the time of their announcements? We examine acquirers’ operating efficiencies around and after cross-border acquisitions and...

Persistent link: https://www.econbiz.de/10012888263

Research of the factor segment content of economic security management in the conditions of geopolitical transformations

Kalinin, Oleksandr; Gonchar, Viktoriya; Simanaviciene, … - In: Technology audit and production reserves 6 (2022) 4/68, pp. 17-25

Persistent link: https://www.econbiz.de/10013530811

Unraveling interconnections : analyzing the impact of a founder's characteristics on business growth strategy

Liu, Ying; Polkinghorne, Martyn - In: Businesses 3 (2023) 3, pp. 475-488

This study examines the influence of founder characteristics on the selection of business growth strategies in companies undergoing an initial public offering (IPO). The research is based upon quantitative analysis of data from entrepreneur-led IPOs on the London Stock Exchange. The study...

Persistent link: https://www.econbiz.de/10014413852

Startup acquisitions : acquihires and talent hoarding

Benkert, Jean-Michel; Letina, Igor; Liu, Shuo - 2023

We present a model of startup acquisitions, which may give rise to inefficient "talent hoarding." We develop a model with two competing firms that can acquire and integrate (or "acquihire") a startup operating in an orthogonal market. Such an acquihire improves the competitiveness of the...

Persistent link: https://www.econbiz.de/10014342274

Exploring qualitative data as predictors for M&A : empirical analysis of target firms' letters to shareholders

Parungao, Manolito E.; Galido, Adrian; Suazo, Maria Leah; … - In: Cogent business & management 9 (2022) 1, pp. 1-33

implications for firms' management on the posturing contents featured in firm's letters to shareholders could expose to signal …

Persistent link: https://www.econbiz.de/10014429937

Major asset restructuring performance commitments and classification shifting through non-recurring items

Liu, Yurou; Ye, Kangtao; Liu, Jinyang - In: China journal of accounting studies 11 (2023) 2, pp. 270-299

We examine whether firms engage in classification shifting to meet performance targets during mergers and restructuring. Using a sample of listed firms that complete major asset restructuring and sign performance commitment agreements from 2008 to 2019, we find that during the commitment period,...

Persistent link: https://www.econbiz.de/10014430780

Determinant factors of M&As in emerging economies : the impact of financial performance in Romanian minority acquisitions

Maha, Liviu-George; Aevoae, George; Viorică, Elena-Daniela - In: Economies : open access journal 11 (2023) 10, pp. 1-22

, which leads to either financial gains or the takeover intention, under the influence of the target company's operational …

Persistent link: https://www.econbiz.de/10014433347

Public target selection and family firms

Ottolenghi, Ezgi H. - In: Journal of entrepreneurial finance : JEF ; official … 25 (2023) 1, pp. 1-33

We examine the relation between ownership structure and M&A target selection when family firms pursue public firm acquisitions. We find that family firm acquirers select targets that have lower Tobin’s Q relative to non-family acquirers. Our results suggest that family firms choose to acquire...

Persistent link: https://www.econbiz.de/10014436267