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This article provides an introduction to divestitures and the research streams that examine these deals. Divestitures are defined as the removal of one or more of a company's lines of business via selloff or spinoff. In this article, we describe how research on divestitures has evolved in the...
Persistent link: https://www.econbiz.de/10012217667
selloffs of publicly traded companies in Germany, Austria and Switzerland (DACH region) during the period 2002-2018. It aims to … understand the overall effect of selloffs on shareholder wealth as well as the impact of important influencing factors. Design … Boehmer et al. (1991) was applied. The sample consists of 393 selloffs of publicly traded companies with a deal value of at …
Persistent link: https://www.econbiz.de/10013193246
popularity of divestments. That is, many firms seeking to fulfill a net-zero plan are passing on carbon-intensive assets (i … less pressure from investors, stakeholders, and regulators. Such divestments, technically mergers and acquisitions (M … can be operated by new owners in a way that causes more emissions. In any case, such divestments undermine the credibility …
Persistent link: https://www.econbiz.de/10014285745
: Investments, Divestments and Fundraising. The study covers 26 European countries over the period from 2007 to 2022. First, we use … emerge as significant determinants across Investments, Divestments, and Fundraising. …
Persistent link: https://www.econbiz.de/10015070339
impact farm performance. This study uses data from a 2018 survey of 763 vegetable smallholder farms in China to estimate the … suggest that vegetable farmers' performance could be fostered by the widespread use of ICT.There has been a significant policy … maximises synergies and minimises trade-offs. Reducing trade-offs (and their consequences) is especially crucial if the energy …
Persistent link: https://www.econbiz.de/10014431707
Führungskräfte erkennen zunehmend, wie wichtig digitale Geschäftsmodelle sind, um die digitale Transformation in Unternehmen mit bestehenden nicht-digitalen Geschäftsmodellen erfolgreich umzusetzen. Dennoch fehlt oft das Bewusstsein für Synergien, die durch koexistente digitale und...
Persistent link: https://www.econbiz.de/10014501521
We analyze the effects of structural remedies on merger activity in a Cournot oligopoly when the antitrust agency applies a consumer surplus standard. Remedies increase the scope for pro…table and acceptable mergers, while divestitures to an entrant …rm are most effective in this regard....
Persistent link: https://www.econbiz.de/10010311055
apply the framework to a Cournot model with cost synergies and a Bertrand model where acquisitions extend the product …
Persistent link: https://www.econbiz.de/10010315536
We analyze horizontal mergers when the acquirer holds a passive partial ownership stake (PPO) in the target firm prior to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers. It follows that an antitrust authority ignoring existing...
Persistent link: https://www.econbiz.de/10010319611
-unit simultaneous ascending auction. The global bidder wants to win both licenses to enjoy synergies; therefore, she bids more than her …
Persistent link: https://www.econbiz.de/10010332442