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declared that an informed and un-coerced shareholder vote in favor of a merger should lead courts to look skeptically at claims … voting on a proposed merger …
Persistent link: https://www.econbiz.de/10012910892
This study investigates the short run net value gains generated to US bidders' shareholders that engaged in M&A in domestic versus foreign target firms. The main focus is on the examination of voice and accountability, political stability, rule of law, regulatory quality and control of...
Persistent link: https://www.econbiz.de/10012916108
Wealth transfer effects between stockholders and bondholders on the announcement date of changes in a firm's credit rating have primarily been examined a) for one type of security; b) on US capital markets; and c) by applying standard event study methods. In contrast to these investigations, we...
Persistent link: https://www.econbiz.de/10012984791
This paper analyses whether the strengthening of intellectual property rights (IPRs) systems affects decisions of cross-border mergers and acquisitions (M&As), and if their influence is different for developed and developing countries, and across industrial sectors. We estimate an extended...
Persistent link: https://www.econbiz.de/10012987448
Technological change is often hypothesized as one of the main drivers of merger …
Persistent link: https://www.econbiz.de/10012991158
Cross-border mergers and acquisitions (M&A) in India are of recent vintage as they began in right earnest only since its economy was opened up in 1991. While the initial thrust was by way of inbound acquisitions by foreign companies, the later period witnessed frenetic activity by Indian...
Persistent link: https://www.econbiz.de/10012938265
world. We find evidence of a strong positive association between VC investments and lagged M&A activity, consistent with the … engage in more deals. We also explore the effects of country-level pro-takeover legislation passed internationally (positive … post-law changes in VC activity. VC activity intensifies after enactment of country-level takeover friendly legislation and …
Persistent link: https://www.econbiz.de/10012941971
This research is an empirical study of effects of mergers and acquisitions and joint ventures (MAJV) on the acquiring and participating firms' long term ex-post performance and idiosyncratic risk. The results show that acquirers from the food and pharmaceutical industries enjoy positive abnormal...
Persistent link: https://www.econbiz.de/10012945252
We analyze why some merger and acquisitions (M&A) deals are withdrawn paying particular attention to the economic …
Persistent link: https://www.econbiz.de/10012830665
After the completion of a merger and acquisition (M&A), a number of factors may affect the performance, probability of … likelihood of performance-induced delisting of acquirers post-merger. We find no support for the ownership level of the acquirer …
Persistent link: https://www.econbiz.de/10012832558