main aim of this paper is to analyze the impact of company's size on takeover success. Successful takeover is defined as … takeover in which target company performs better in the period after the takeover than in the period before the takeover … successful is target company's performance after the takeover was tested and confirmed on the 43 companies that were acquired in …

economies. Entrenchment mechanisms commonly used by US firms in the form of anti-takeover provisions (ATPs) may offer some … in terms of announcement returns and long-run operating performance improvements. Takeover premiums are also … evidence, larger acquirers are just as likely to be targeted for takeover as smaller acquirers, indicating that size is not an …

takeover literature suggests that size can enable managerial entrenchment and value-destruction. However, in weak governance …

ex ante takeover exposure positively and robustly relates to cross-sectional expected returns. The relation between size … and expected returns becomes positive or insignificant, rather than negative, conditional on this takeover characteristic …. Asset pricing models that include a factor based on the takeover characteristic outperform otherwise similar models that …