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We study the global competition among private equity (PE) buyout firms. Using a detailed data set of PE firm characteristics, we investigate how PE firm heterogeneity across strategy and performance affects the volume of cross-border acquisitions. A one-standard-deviation increase in performance...
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The present paper studies the impact of the SOX act to the choice of payment in Mergers & Acquisitions for firms with different capital structures. Use Probit and Tobit models to access the firms' pre-acquisition leverage levels as well as the leverage changes of firms because of the SOX act....
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merger and acquisition deals. In this event study, we adopt an industry adjusted leverage proxy. No evidence of premerger …
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This article examines whether merger per se may be related to changes in the capital structure of the participating … firms. The findings are consistent with the existence of merger-related incentives to increase financial leverage for a … strong relationship between merger accounting procedures (purchase vs. pooling) and relative increases in leverage …
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