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Shareholder Wealth Creation in Response to Announcements of Acquisitions of Unlisted Firms : Evidence from Spain

Farinós Viñas, José Emilio - 2013

possibility of diversifying shareholders' portfolios lead to unlisted firm acquisitions being viewed as value …

Persistent link: https://www.econbiz.de/10013091093

Value Relevance of Mergers Blocked by Shareholder Lawsuits According to the German Stock Corporation Act : An Event Study

Labrenz, Helfried - 2014

This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders … voting power of minority shareholders and create incentives to use the real option inefficiently. Therefore, the majority …

Persistent link: https://www.econbiz.de/10013058808

The Causal Effect of Religious Piety on Shareholder Wealth : Evidence from Acquirer Returns and Historical Religious Identification

Chintrakarn, Pandej - 2015

shareholders as self-serving, opportunistic, and unethical, thereby alleviating the agency conflict. Religious piety is thus …

Persistent link: https://www.econbiz.de/10013009377

Impact of Mergers and Acquisitions on Returns to Shareholders of Acquiring Firms : Indian Economy in Perspective

Rani, Neelam - 2012

The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal … or unlisted) acquired on the stock returns of the acquiring companies' shareholders.The results indicate that M …&A generate statistically significant abnormal returns on the announcement as well as higher post M&A returns for shareholders of …

Persistent link: https://www.econbiz.de/10013099698

Cross-border acquisitions and shareholders’ wealth : the case of the Indian pharmaceutical sector

Wajid, Abdul; Sabiha, Anjim; Akhtar, Shakeb; Tabash, … - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17

-border acquisitions and shareholders’ wealth in the Indian pharmaceutical sector. For this purpose, the data related to acquisitions were … current research prescribe that cross-border acquisitions have a positive and significant impact on shareholders’ wealth …

Persistent link: https://www.econbiz.de/10013471449

Deal Size, Acquisition Premia and Shareholder Gains

Alexandridis, George - 2012

This study examines the contradictory predictions regarding the association between the premium paid in acquisitions and deal size. We document a robust negative relation between offer premia and target size, indicating that acquirers tend to pay less for large firms, not more. We also find that...

Persistent link: https://www.econbiz.de/10013115116

No News Is News : Do Markets Underreact to Nothing?

Giglio, Stefano - 2014

As illustrated in the tale of “the dog that did not bark,” the absence of news and the passage of time often contain information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year after merger announcement, the passage of time...

Persistent link: https://www.econbiz.de/10013065551

Do announcement returns contain information about value creation?

Ben-David, Itzhak; Bhattacharya, Utpal; Jacobsen, Stacey - 2020

Stock returns around acquisition announcements are widely viewed as being reflective of the net present value created by these transactions. As such, announcement returns should correlate with acquisition outcomes. Using a new measure of realized transaction-level acquisition failure, as well as...

Persistent link: https://www.econbiz.de/10012263196

Relative Values, Announcement Timing, and Shareholder Returns in Mergers and Acquisitions

Lee, Sangwon - 2018

-term shareholders of bidding firms …

Persistent link: https://www.econbiz.de/10012936600

Effects of Mergers and Acquisitions on Shareholder Wealth : Event Study for Latin American Airlines

Cortes, Lina - 2015

This study analyzes the effect of changes in corporate control on the way shareholders benefit from the announcements …

Persistent link: https://www.econbiz.de/10013029644