This paper examines the M&A strategy of firms during the first year in office following the appointment of a new CEO and its effect on longer-term firm performance. Using a unique sample of large European listed companies, the results show that CEOs of UK firms execute more deals than their...

The extant empirical evidence suggests that defined benefit (DB) pension obligations, deficits, and costs increase corporate leverage and cost of capital, reduce corporate investment and aggravate valuation uncertainties. In the M & A context, DB schemes of target firms may reduce the takeover...

This paper develops a useful, robust, and reliable scoring methodology to determine a country's capability to develop and sustain mergers and acquisitions (M&A) activity on the basis of publically available and continuously updated information. Due to the global economic downturn in 2008-2009,...

This paper develops a new scoring methodology to determine a country's capability to develop and sustain mergers and acquisitions (M&A) activity on the basis of publicly available and continuously updated information. The study computes a theoretically grounded maturity index for M&A purposes...

Corporate communication during an M&A transaction is one of the biggest challenges for all of the stakeholders involved. This article analyses the importance of communication in M&A deals and its significance in the early stages of the transaction. It discusses the factors associated with the...

Effective implementation of market timing and style rotation strategies poses challenging questions to an active fund manager. In addition to the problems associated in devising a truly viable forecasting model, style rotation has direct implications on portfolio risk constraints and transaction...

This paper examines the predictive ability of alternative Unconditional methodologies. Another objective that is explored is the sensitivity of results to different grouping techniques, of size; PE ratio and dividend yield portfolio groupings. The third issue examined entails the identification...

This article provides support for the notion of investor sentiment using the population of U.K.- and U.S.-traded closed-end country funds. Despite the different shareholder profiles, we find marked similarities in the timing of U.K./U.S. country fund IPOs and in the pricing structure of U.K.-...

The paper examines the aftermarket performance of private equity-backed initial public offerings (IPOs) based a hand collected sample of private equity-backed and equivalent samples of venture capital-backed and other non-sponsored issues on the London Stock Exchange. The evidence suggests...