Market Valuation and Merger Waves

作者: MATTHEW RHODES-KROPF , S. VISWANATHAN

DOI: 10.1111/J.1540-6261.2004.00713.X

关键词:

摘要: … We suggest that this does not imply that cash mergers are better than stock mergers, but … impacts mergers and merger waves regardless of the underlying motivation for the mergers. …

参考文章(31)
Kewei Hou, Per Olsson, David T. Robinson, David T. Robinson, Does Takeover Increase Stockholder Value Social Science Research Network. ,(2000)
Michael C Jensen, Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers The American Economic Review. ,vol. 76, pp. 323- 329 ,(1986)
Robert L. Heinkel, B. Espen Eckbo, Ronald M. Giammarino, Asymmetric Information and the Medium of Exchange in Takeovers: Theory and Tests Review of Financial Studies. ,vol. 3, pp. 651- 675 ,(1990) , 10.1093/RFS/3.4.651
S Viswanathan, Matthew Rhodes-Kropf, Financing Auction Bids The RAND Journal of Economics. ,vol. 36, pp. 789- 815 ,(2005)
Pekka Hietala, Steven Kaplan, David Robinson, What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies Financial Management. ,vol. 32, pp. 5- 31 ,(2003) , 10.3386/W9264
Peter Rousseau, Boyan Jovanovic, The Q-Theory of Mergers Research Papers in Economics. ,(2002)
Andrei Shleifer, Robert W. Vishny, Stock market driven acquisitions Journal of Financial Economics. ,vol. 70, pp. 295- 311 ,(2003) , 10.1016/S0304-405X(03)00211-3
Gregor Andrade, New Evidence and Perspectives on Mergers Journal of Economic Perspectives. ,vol. 15, pp. 103- 120 ,(2001) , 10.1257/JEP.15.2.103
Stewart C. Myers, Nicholas S. Majluf, Corporate financing and investment decisions when firms have information that investors do not have Journal of Financial Economics. ,vol. 13, pp. 187- 221 ,(1984) , 10.1016/0304-405X(84)90023-0
John C. Persons, Vincent A. Warther, Boom and Bust Patterns in the Adoption of Financial Innovations Review of Financial Studies. ,vol. 10, pp. 939- 967 ,(1997) , 10.1093/RFS/10.4.939