Corporate takeovers : modern empirical developments /
Presents reprints of 44 articles mostly published since 2000 by Elsevier Science
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| Format: | Book |
| Language: | English |
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San Diego, CA :
Academic Press,
©2010
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Table of Contents:
- v. 1. Takeover activity, valuation estimates, and sources of merger gains. pt. 1. Literature review and empirical updates. Corporate takeovers / Sandra Betton, B. Espen Eckbo, Karin S. Thorburn
- pt. 2. Econometrics of voluntary corporate events. Econometrics of event studies / S.P. Khotari and Jerold B. Warner ; Self-selection models in corporate finance / Kai Li and Nagpurnanand R. Prabhala
- pt. 3. Merger waves: what drives aggregate takeover activity?. Investigating the economic role of mergers / Gregor Andrade and Erik Stafford ; Valuation waves and merger activity: the empirical evidence / Matthew Rhodes-Kropf, David T. Robinson, and S. Viswanathan ; What drives merger waves? / Jarrad Harford
- pt. 4. What determines the size and division of takeover gains?. Firm size and the gains from acquisitions / Sara Moeller, Frederik Schlingemann, and Rene M. Stulz ; Why do private acquirers pay so little compared to public acquirers? / Leonce L. Bargeron ... [et al.] ; The underpricing of private targets / John W. Cooney, Thomas Moeller, and Mike Stegemoller ; Gains in bank mergers: evidence from the bond markets / Maria Fabiana Pena and Haluk Unal ; Do tender offers create value?: new methods and evidence / Sanjai Bhagat ... [et al.]
- pt. 5. Where do merger gains come from?: industry wealth effects of takeovers. Horizontal mergers, collusion, and stockholder wealth / B. Espen Eckbo ; Sources of gains in horizontal mergers: evidence from customers, supplier, and rival firms / C. Edward Fee and Shawn Thomas ; Industry structure and horizontal takeovers: analysis of wealth effects on rivals, suppliers, and corporate customers / Husayn Shahrur ; Abnormal returns to rivals of acquisition targets: a test of the acquisition probability hypothesis / Moon H. Song and Ralph A. Walkling ; Where do merger gains come from?: bank mergers from the perspective of insiders and outsiders / Joel F. Houston, Christopher M. James, and Michael D. Ryngaert
- pt. 6. Other restructuring activity: breakups and highly leveraged transactions. Corporate restructuring: breakups and LBOs / B. Espen Eckbo and Karin S. Thorburn
- v. 2. Bidding strategies, financing, and corporate control. pt. 1. Surveys of bidding theory, auctions, and takeover premium evidence. Mergers and acquisitions: strategic and informational issues / David Hirshleifer ; Auctions in corporate finance / Sudipto Dasgupta, Robert G. Hansen ; Bidding strategies and takeover premiums: a review / B. Espen Eckbo
- pt. 2. Toeholds, competition, winner's curse, and overconfidence: do bidders behave strategically?. Merger negotiations and the toehold puzzle / Sandra Betton, B. Espen Eckbo, Karin S. Thorburn ; Do auctions induce a winner's curse?: new evidence from the corporate takeover market / Audra L. Boone, J. Harold Mulherin ; Who makes acquisitions?: CEO overconfidence and the market's reaction / Ulrike Malmendier, Geoffrey Tate
- pt. 3. Bidding for distressed targets: fire-sales and creditor incentives. Acquisitions as a means of restructuring firms in Chapter 11 / Edith S. Hotchkiss, Robert M. Mooradian ; Effects of bankruptcy court protection on asset sales / Todd C. Pulvino ; Automatic bankruptcy auctions and fire-sales / B. Espen Eckbo, Karin S. Thorburn ; Creditor financing and overbidding in bankruptcy auctions: theory and tests / B. Espen Eckbo, Karin S. Thorburn
- pt. 4. Do deal protection devices affect takeover premiums?. Termination fees in mergers and acquisitions / Micah S. Officer ; Poison or placebo?: evidence on the deterrence and wealth effects of modern antitakeover measures / Robert Comment, G. William Schwert ; Board classification and managerial entrenchment: evidence from the market for corporate control / Thomas W. Bates, David A. Becher, Michael L. Lemmon
- pt. 5. Does large shareholder voting improve takeover gains?. Let's make a deal!: how shareholder control impacts merger payoffs / Thomas Moeller ; Cross-ownership, returns, and voting in mergers / Gregor Matvos, Michael Ostrovsky ; Investor activism and takeovers / Robin Greenwood, Michael Schor
- pt. 6. Raising cash: does deal financing matter?. Valuation effects of bank financing in acquisitions / Anu Bharadwaj, Anil Shivdasani ; Financing decisions and bidder gains / Frederik P. Schlingemann ; Do firms have leverage targets?: evidence from acquisitions / Jarrad Harford, Sandy Klasa, Nathan Walcott
- pt. 7. How does takeover affect CEO and director compensation?. CEO compensation and incentives: evidence from M&A bonuses / Yaniv Grinstein, Paul Hribar ; Takeover bids and target directors' incentives: the impact of a bid on directors' wealth and board seats / Jarrad Harford ; Managerial discipline and corporate restructuring following performance declines / David J. Denis, Timothy A. Kruse
- pt. 8. Do cross-border mergers cause spillovers of governance standards?. Cross-country determinants of mergers and acquisitions / Stefano Rossi, Paolo F. Volpin ; Spillover of corporate governance standards in cross-border mergers and acquisitions / Marina Martynova, Luc Renneboog ; Adopting better corporate governance: evidence from cross-border mergers / Arturo Bris, Neil Brisley, Christos Cabolis
- pt. 9. Wanna bet?: market efficiency and returns to merger arbitrage. Determinants and implications of arbitrage holdings in acquisitions / Jim Hsieh, Ralph A. Walkling ; Limited arbitrage in mergers and acquisitions / Malcolm Baker, Serkan Savaşoglu