Takeovers after "Takeovers"
Author
Suggested Citation
Note: PRO-2
Download full text from publisher
References listed on IDEAS
- Michael Firth, 1980. "Takeovers, Shareholder Returns, and the Theory of the Firm," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(2), pages 235-260.
- Utton, M A, 1974. "On Measuring the Effects of Industrial Mergers," Scottish Journal of Political Economy, Scottish Economic Society, vol. 21(1), pages 13-28, February.
- Levine, Paul & Aaronovitch, Sam, 1981. "The Financial Characteristics of Firms and Theories of Merger Activity," Journal of Industrial Economics, Wiley Blackwell, vol. 30(2), pages 149-172, December.
- Antonios Antoniou & Dimitris Petmezas & Huainan Zhao, 2007. "Bidder Gains and Losses of Firms Involved in Many Acquisitions," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(7-8), pages 1221-1244.
- Franks, Julian & Mayer, Colin, 1996. "Hostile takeovers and the correction of managerial failure," Journal of Financial Economics, Elsevier, vol. 40(1), pages 163-181, January.
- Pickering, J F, 1983. "The Causes and Consequences of Abandoned Mergers," Journal of Industrial Economics, Wiley Blackwell, vol. 31(3), pages 267-281, March.
- S. Manson & R. Powell & A. W. Stark & H. M. Thomas, 2000. "Identifying the Sources of Gains From Takeovers," Accounting Forum, Taylor & Francis Journals, vol. 24(4), pages 319-343, December.
- Antonios Antoniou & Dimitris Petmezas & Huainan Zhao, 2007. "Bidder Gains and Losses of Firms Involved in Many Acquisitions," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(7‐8), pages 1221-1244, September.
- M. S. B. Aw & R. A. Chatterjee, 2004. "The performance of UK firms acquiring large cross-border and domestic takeover targets," Applied Financial Economics, Taylor & Francis Journals, vol. 14(5), pages 337-349.
- Firth, Michael, 1978. "Synergism in Mergers: Some British Results," Journal of Finance, American Finance Association, vol. 33(2), pages 670-672, May.
- Higson, Chris & Elliott, Jamie, 1998. "Post-takeover returns: The UK evidence," Journal of Empirical Finance, Elsevier, vol. 5(1), pages 27-46, January.
- Singh, Ajit, 1975. "Take-Overs, Economic Natural Selection, and the Theory of the Firm: Evidence from the Postwar United Kingdom Experience," Economic Journal, Royal Economic Society, vol. 85(339), pages 497-515, September.
- Alan Gregory, 1997. "An Examination of the Long Run Performance of UK Acquiring Firms," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(7‐8), pages 971-1002, September.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 2003.
"Is attack the best form of defence? A competing risks analysis of acquisition activity in the UK,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(3), pages 337-357, May.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1999. "Is Attack the Best form of Defence? A Competing Risks Analysis of Acquisition Activity in the UK," Studies in Economics 9907, School of Economics, University of Kent.
- Dickerson, Andrew P. & Gibson, Heather D. & Tsakalotos, Euclid, 2002.
"Takeover risk and the market for corporate control: the experience of British firms in the 1970s and 1980s,"
International Journal of Industrial Organization, Elsevier, vol. 20(8), pages 1167-1195, October.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1998. "Takeover Risk and the Market for Corporate Control: The Experience of British Firms in the 1970s and 1980s," Studies in Economics 9803, School of Economics, University of Kent.
- Roll, Richard, 1986. "The Hubris Hypothesis of Corporate Takeovers," The Journal of Business, University of Chicago Press, vol. 59(2), pages 197-216, April.
- Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(4), pages 351-351.
- Cosh, A. D. & Hughes, A. & Lee, K. & Singh, A., 1989. "Institutional investment, mergers and the market for corporate control," International Journal of Industrial Organization, Elsevier, vol. 7(1), pages 73-100, March.
- Dickerson, Andrew P & Gibson, Heather D & Tsakalotos, Euclid, 1997. "The Impact of Acquisitions on Company Performance: Evidence from a Large Panel of UK Firms," Oxford Economic Papers, Oxford University Press, vol. 49(3), pages 344-361, July.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1997. "Deterring Takeover: Evidence from a Large Panel of UK Firms," Studies in Economics 9707, School of Economics, University of Kent.
- Barnes, Paul, 1999. "Predicting UK Takeover Targets: Some Methodological Issues and an Empirical Study," Review of Quantitative Finance and Accounting, Springer, vol. 12(3), pages 283-301, May.
- Powell, Ronan G. & Stark, Andrew W., 2005. "Does operating performance increase post-takeover for UK takeovers? A comparison of performance measures and benchmarks," Journal of Corporate Finance, Elsevier, vol. 11(1-2), pages 293-317, March.
- Sudi Sudarsanam & Ashraf A. Mahate, 2003. "Glamour Acquirers, Method of Payment and Post‐acquisition Performance: The UK Evidence," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(1‐2), pages 299-342, January.
- Antonios Antoniou & Philippe Arbour & Huainan Zhao, 2008. "How Much Is Too Much: Are Merger Premiums Too High?," European Financial Management, European Financial Management Association, vol. 14(2), pages 268-287, March.
- Firth, Michael, 1979. "The Profitability of Takeovers and Mergers," Economic Journal, Royal Economic Society, vol. 89(354), pages 316-328, June.
- Franks, Julian & Mayer, Colin & Renneboog, Luc, 2001.
"Who Disciplines Management in Poorly Performing Companies?,"
Journal of Financial Intermediation, Elsevier, vol. 10(3-4), pages 209-248, July.
- Luc Renneboog & Julian Franks & Colin Mayer, 1999. "Who Disciplines Management in Poorly Performing Companies?," OFRC Working Papers Series 1999fe01, Oxford Financial Research Centre.
- Colin Mayer & Julian Franks & Luc Renneboog, 2001. "Who Disciplines Management in Poorly Performing Companies?," Economics Series Working Papers 1999-FE-01, University of Oxford, Department of Economics.
- Franks, Julian & Mayer, Colin & Renneboog, Luc, 2001. "Who Disciplines Management in Poorly Performing Companies?," CEPR Discussion Papers 2949, C.E.P.R. Discussion Papers.
- Abhay Abhyankar & Keng-Yu Ho & Huainan Zhao, 2005. "Long-run post-merger stock performance of UK acquiring firms: a stochastic dominance perspective," Applied Financial Economics, Taylor & Francis Journals, vol. 15(10), pages 679-690.
- Nuttal, R., 1999. "Takeover Likelihood Models for UK Quoted Companies," Economics Papers 1999-w6, Economics Group, Nuffield College, University of Oxford.
- Gregory, Alan & McCorriston, Steve, 2005. "Foreign acquisitions by UK limited companies: short- and long-run performance," Journal of Empirical Finance, Elsevier, vol. 12(1), pages 99-125, January.
- Sudi Sudarsanam & Ashraf A. Mahate -super-*, 2003. "Glamour Acquirers, Method of Payment and Post-acquisition Performance: The UK Evidence," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(1-2), pages 299-342.
- Peter Holl & Dimitris Kyriazis, 1997. "Wealth Creation And Bid Resistance In U.K. Takeover Bids," Strategic Management Journal, Wiley Blackwell, vol. 18(6), pages 483-498, June.
- Ronan G. Powell, 1997. "Modelling Takeover Likelihood," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(7‐8), pages 1009-1030, September.
- Andy Cosh & Paul M. Guest & Alan Hughes, 2006. "Board Share-Ownership and Takeover Performance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(3-4), pages 459-510.
- Terence Tse & Khaled Soufani, 2001. "Wealth Effects of Takeovers in Merger Activity Eras: Empirical Evidence from the UK," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 8(3), pages 365-377.
- Andy Cosh & Paul Guest & Alan Hughes, 2007. "UK Corporate Governance and Takeover Performance," Working Papers wp357, Centre for Business Research, University of Cambridge.
- Begg,Iain & Henry,Brian, 1998. "Applied Economics and Public Policy," Cambridge Books, Cambridge University Press, number 9780521624145, September.
- Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(2), pages 110-110.
- Ronan G. Powell, 1997.
"Modelling Takeover Likelihood,"
Journal of Business Finance & Accounting,
Wiley Blackwell, vol. 24(7‐8), pages 1009-1030, September.
- Ronan G. Powell, 1997. "Modelling Takeover Likelihood," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(7&8), pages 1009-1030.
- Thompson, Steve, 1997. "Takeover activity among financial mutuals: An analysis of target characteristics," Journal of Banking & Finance, Elsevier, vol. 21(1), pages 37-53, January.
- Robert L. Conn & Andy Cosh & Paul M. Guest & Alan Hughes, 2005. "The Impact on UK Acquirers of Domestic, Cross‐border, Public and Private Acquisitions," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(5‐6), pages 815-870, June.
- George Alexandridis & Antonios Antoniou & Huainan Zhao, 2006. "Valuation Effects of Short Sale Constraints: the Case of Corporate Takeovers," European Financial Management, European Financial Management Association, vol. 12(5), pages 747-762, November.
- P. Holl & J. F. Pickering, 1988. "The determinants and effects of actual, abandoned and contested mergers," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 9(1), pages 1-19, March.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1998. "Takeover Risk and Dividend Strategy: A Study of UK Firms," Journal of Industrial Economics, Wiley Blackwell, vol. 46(3), pages 281-300, September.
- Franks, J R & Broyles, J E & Hecht, M J, 1977. "An Industry Study of the Profitability of Mergers in the United Kingdom," Journal of Finance, American Finance Association, vol. 32(5), pages 1513-1525, December.
- Julian R. Franks & Robert S. Harris & Cohn Mayer, 1988. "Means of Payment in Takeovers: Results for the United Kingdom and the United States," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 221-264, National Bureau of Economic Research, Inc.
- Alan Gregory, 1997. "An Examination of the Long Run Performance of UK Acquiring Firms," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(7&8), pages 971-1002.
- A Cosh & P Guest, 2001. "The Long-Run Performance of Hostile Takeovers: UK Evidence," Working Papers wp215, Centre for Business Research, University of Cambridge.
- Robert L. Conn & Andy Cosh & Paul M. Guest & Alan Hughes, 2005.
"The Impact on UK Acquirers of Domestic, Cross-border, Public and Private Acquisitions,"
Journal of Business Finance & Accounting,
Wiley Blackwell, vol. 32(5-6), pages 815-870.
- Robert L Conn & Andy Cosh & Paul M Guest & Alan Hughes, 2003. "The Impact on U.K. Acquirers of Domestic, Cross-border, Public and Private Acquisitions," Working Papers wp276, Centre for Business Research, University of Cambridge.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ajit Singh, 2012.
"Financial Globalization and Human Development,"
Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 135-151, February.
- Singh, Ajit, 2011. "Financial globalisation and human development," MPRA Paper 53043, University Library of Munich, Germany.
- Singh, A., 2011. "Financial Globalisation and Human Development," Working Papers wp421, Centre for Business Research, University of Cambridge.
- Singh, Ajit, 2011. "Financial globalisation and human development," MPRA Paper 39048, University Library of Munich, Germany.
- McCarthy, Killian J. & Aalbers, Hendrik Leendert, 2016. "Technological acquisitions: The impact of geography on post-acquisition innovative performance," Research Policy, Elsevier, vol. 45(9), pages 1818-1832.
- Silviano Esteve-Pérez, 2012. "Consolidation by merger: the UK beer market," Small Business Economics, Springer, vol. 39(1), pages 207-229, July.
- Simon Deakin, 2013. "The Legal Framework Governing Business Firms & its Implications for Manufacturing Scale & Performance: The UK Experience in International Perspective," Working Papers wp449, Centre for Business Research, University of Cambridge.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Martynova, Marina & Renneboog, Luc, 2008. "A century of corporate takeovers: What have we learned and where do we stand?," Journal of Banking & Finance, Elsevier, vol. 32(10), pages 2148-2177, October.
- Andy Cosh & Paul Guest & Alan Hughes, 2007. "UK Corporate Governance and Takeover Performance," Working Papers wp357, Centre for Business Research, University of Cambridge.
- Gunther Tichy, 2001. "What Do We Know about Success and Failure of Mergers?," Journal of Industry, Competition and Trade, Springer, vol. 1(4), pages 347-394, December.
- Martynova, M. & Renneboog, L.D.R., 2005.
"Takeover Waves : Triggers, Performance and Motives,"
Other publications TiSEM
ed134639-33ef-4720-9935-e, Tilburg University, School of Economics and Management.
- Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Discussion Paper 2005-029, Tilburg University, Tilburg Law and Economic Center.
- Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Other publications TiSEM 9fcfd273-882a-4b89-9c65-6, Tilburg University, School of Economics and Management.
- Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Discussion Paper 2005-107, Tilburg University, Center for Economic Research.
- Martynova, M., 2006. "The market for corporate control and corporate governance regulation in Europe," Other publications TiSEM 8651e281-4914-41f2-ac14-1, Tilburg University, School of Economics and Management.
- Bhabra, Harjeet S. & Huang, Jiayin, 2013. "An empirical investigation of mergers and acquisitions by Chinese listed companies, 1997–2007," Journal of Multinational Financial Management, Elsevier, vol. 23(3), pages 186-207.
- Chris Ratcliffe & Bill Dimovski & Monica Keneley, 2017. "The Performance of REIT Acquirers in the Post-Merger Period," ERES eres2017_43, European Real Estate Society (ERES).
- Renneboog, Luc & Vansteenkiste, Cara, 2019.
"Failure and success in mergers and acquisitions,"
Journal of Corporate Finance, Elsevier, vol. 58(C), pages 650-699.
- Renneboog, Luc & Vansteenkiste, C., 2019. "Failure and Success in Mergers and Acquisitions," Discussion Paper 2019-026, Tilburg University, Center for Economic Research.
- Renneboog, Luc & Vansteenkiste, Cara, 2019. "Failure and success in mergers and acquisitions," Other publications TiSEM 9baa3ffc-67cb-4647-9da5-a, Tilburg University, School of Economics and Management.
- Renneboog, Luc & Vansteenkiste, C., 2019. "Failure and Success in Mergers and Acquisitions," Other publications TiSEM cb487f33-0217-412f-a1ec-d, Tilburg University, School of Economics and Management.
- Feito-Ruiz, Isabel & Menéndez-Requejo, Susana, 2011. "Cross-border Mergers and Acquisitions in different legal environments," International Review of Law and Economics, Elsevier, vol. 31(3), pages 169-187, September.
- Chris Ratcliffe & Bill Dimovski & Monica Keneley & Tom Smith, 2017. "Long-Term post-merger announcement performance. A case study of Australian listed real estate," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(3), pages 855-877, September.
- ATM Adnan, 2018. "Home vs. Cross-Border Takeovers: Is There Any Difference in Investor Perception?," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2018(2), pages 59-84.
- Dickerson, Andrew P. & Gibson, Heather D. & Tsakalotos, Euclid, 2002.
"Takeover risk and the market for corporate control: the experience of British firms in the 1970s and 1980s,"
International Journal of Industrial Organization, Elsevier, vol. 20(8), pages 1167-1195, October.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1998. "Takeover Risk and the Market for Corporate Control: The Experience of British Firms in the 1970s and 1980s," Studies in Economics 9803, School of Economics, University of Kent.
- Christina Dargenidou & Alan Gregory & Shan Hua, 2016. "How far does financial reporting allow us to judge whether M&A activity is successful?," Accounting and Business Research, Taylor & Francis Journals, vol. 46(5), pages 467-499, August.
- Andriosopoulos, Dimitris & Yang, Shuai & Li, Wei-an, 2016. "The market valuation of M&A announcements in the United Kingdom," International Review of Financial Analysis, Elsevier, vol. 48(C), pages 350-366.
- Athanasios Tsagkanos & Antonios Georgopoulos & Costas Siriopoulos & Evangelos Koumanakos, 2008. "Identification of Greek Takeover Targets and Coherent Policy Implications," Review of Development Economics, Wiley Blackwell, vol. 12(1), pages 180-192, February.
- Andy Cosh & Paul M. Guest & Alan Hughes, 2006. "Board Share‐Ownership and Takeover Performance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(3‐4), pages 459-510, April.
- Kanungo, Rama Prasad, 2021. "Uncertainty of M&As under asymmetric estimation," Journal of Business Research, Elsevier, vol. 122(C), pages 774-793.
- George Giannopoulos & Ehsan Khansalar & Patel Neel, 2017. "The Impact of Single and Multiple Mergers and Acquisitions on Shareholders¡¯ Wealth of UK Bidder Firms," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(3), pages 141-167, March.
- Martynova, M. & Renneboog, L.D.R., 2006.
"The Performance of the European Market for Corporate Control : Evidence from the 5th Takeover Wave,"
Discussion Paper
2006-118, Tilburg University, Center for Economic Research.
- Martynova, M. & Renneboog, L.D.R., 2006. "The Performance of the European Market for Corporate Control : Evidence from the 5th Takeover Wave," Other publications TiSEM af864e61-b989-415e-ba58-7, Tilburg University, School of Economics and Management.
- McCahery, J.A. & Renneboog, L.D.R., 2003. "The Economics of the Proposed European Takeover Directive," Other publications TiSEM b16fdfd0-9e4e-44bb-b20f-f, Tilburg University, School of Economics and Management.
More about this item
Keywords
Takeovers; Natural Selection; Market for Corporate Control;All these keywords.
JEL classification:
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
NEP fields
This paper has been announced in the following NEP Reports:- NEP-COM-2008-08-21 (Industrial Competition)
- NEP-HIS-2008-08-21 (Business, Economic and Financial History)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbr:cbrwps:wp363. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ruth Newman (email available below). General contact details of provider: http://www.jbs.cam.ac.uk .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.