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Investor Attention Around Corporate Restructurings

Harris, Jeremiah; Kalodimos, Jonathan; O'Brien, William - 2023

We investigate investor behavior and firm performance related to corporate restructuring announcements using a database of Security Exchange Commission (SEC) filings by U.S. firms and web traffic on the SEC’s website. We find that abnormal investor attention positively predicts restructuring...

Persistent link: https://www.econbiz.de/10014349516

Corporate Ownership Structure and Acquisitions in the Indian Telecom Sector - The Idea Cellular Case

Srinivasan, Padma - 2013

India is the fastest growing economy post its liberalization and globalization activism and Asia's third largest economy behind Japan and China. India's telecom density is not so high as compared to the western market. Many companies are easily attracted to the telecom sector and are interested...

Persistent link: https://www.econbiz.de/10013095667

Equal opportunity rule vs. market rule in transfer of control: How can private benefits help to provide an answer?

de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2013

Having been introduced in the European Union and in many other countries, the equal opportunity rule is seen as protecting investors in the event of a transfer of control. This rule should be analyzed in a context of appropriation of private benefits between the new controlling shareholders and...

Persistent link: https://www.econbiz.de/10010735780

The equal opportunity rule in transfer of control : a signaling model

de La Bruslerie, Hubert - Université Paris-Dauphine (Paris IX) - 2009

The equal opportunity rule is seen as protecting investors in the event of a transfer of control. In order to better analyze the consequence of such a rule, we need to account for the information asymmetry that exists between new controlling shareholders and outside investors with private...

Persistent link: https://www.econbiz.de/10010706677

Equal opportunity rule vs. market rule in transfer of control: How can private benefits help to provide an answer?

de La Bruslerie, Hubert - In: Journal of Corporate Finance 23 (2013) C, pp. 88-107

Persistent link: https://www.econbiz.de/10010719618

A Study on Mergers & Acquisitions in Oil & Gas Sector in India and Their Impact on the Operating Performance and Shareholders’ Wealth

Trivedi, Arti - 2013

The objective of this paper is to study, why organizations take the inorganic mode of expansion. However, the main focus is on studying the operating performance and shareholder value of acquiring companies and comparing their performance before and after the merger. To conduct a uniform...

Persistent link: https://www.econbiz.de/10013088433

Have the Chinese National Oil Companies Paid Too Much in Overseas Asset Acquisition?

Mu, Xiaoyi - 2020

This paper provides both a quantitative and qualitative analysis of whether the Chinese oil companies have “overpaid” than international oil companies in overseas asset acquisitions. By controlling oil price and a number of asset- and deal-specific attributes that are known to affect the...

Persistent link: https://www.econbiz.de/10014102165

Executive compensation and the susceptibility of firms to hostile takeovers. An empirical investigation of the U.S. oil industry

Nowak, Eric; Haid, Michael H. - 1999

takeover imposed by the market for corporate control. We complement other empirical studies on managerial compensation and … consists of 51 firms in the U.S. oil industry from 1977 to 1994. Third, we employ ex ante measures of the threat of takeover at … the individual firm level which are superior to ex post measures like actual takeover occurrence or past incidence of …

Persistent link: https://www.econbiz.de/10010316286

New Boss Same as the Old Boss : A Look at the GM/UAW VEBA Post-IPO

Diamond, Stephen F. - 2010

General Motor's ability to exit bankruptcy through a public offering of its common stock (IPO) depended heavily on the sacrifices of active and retired members of the United Auto Workers (UAW). A review of the now public filings of GM related to the IPO indicate the significant concessions UAW...

Persistent link: https://www.econbiz.de/10013135814

Union Activism : Do Union Pension Funds Act Solely in the Interest of Beneficiaries?

Larcker, David F. - 2013

Union pension funds manage approximately $3.5 trillion in retirement assets on behalf of public and private sector employees covered by collective bargaining agreement. They are also very active in the proxy process, sponsoring approximately one-third of the shareholder proposals that are...

Persistent link: https://www.econbiz.de/10013089456