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Evidence on real gains in corporate acquisitions

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  • Switzer, Jeannette A.

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  • Switzer, Jeannette A., 1996. "Evidence on real gains in corporate acquisitions," Journal of Economics and Business, Elsevier, vol. 48(5), pages 443-460, December.
    • Handle: RePEc:eee:jebusi:v:48:y:1996:i:5:p:443-460
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    1. Claudio Loderer & Kenneth Martin, 1992. "Postacquisition Performance of Acquiring Firms," Financial Management, Financial Management Association, vol. 21(3), Fall.
    2. Dennis, Debra K. & McConnell, John J., 1986. "Corporate mergers and security returns," Journal of Financial Economics, Elsevier, vol. 16(2), pages 143-187, June.
    3. Brown, David T & Ryngaert, Michael D, 1991. "The Mode of Acquisition in Takeovers: Taxes and Asymmetric Information," Journal of Finance, American Finance Association, vol. 46(2), pages 653-669, June.
    4. Eckbo, B Espen & Giammarino, Ronald M & Heinkel, Robert L, 1990. "Asymmetric Information and the Medium of Exchange in Takeovers: Theory and Tests," Review of Financial Studies, Society for Financial Studies, vol. 3(4), pages 651-675.
    5. Martin, Kenneth J & McConnell, John J, 1991. "Corporate Performance, Corporate Takeovers, and Management Turnover," Journal of Finance, American Finance Association, vol. 46(2), pages 671-687, June.
    6. Jensen, Michael C. & Ruback, Richard S., 1983. "The market for corporate control : The scientific evidence," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 5-50, April.
    7. Bradley, Michael & Desai, Anand & Kim, E. Han, 1983. "The rationale behind interfirm tender offers : Information or synergy?," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 183-206, April.
    8. Kaplan, Steven N & Weisbach, Michael S, 1992. "The Success of Acquisitions: Evidence from Divestitures," Journal of Finance, American Finance Association, vol. 47(1), pages 107-138, March.
    9. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    10. Peterson, David R. & Peterson, Pamela P., 1991. "The medium of exchange in mergers and acquisitions," Journal of Banking & Finance, Elsevier, vol. 15(2), pages 383-405, April.
    11. Berkovitch, Elazar & Narayanan, M P, 1990. "Competition and the Medium of Exchange in Takeovers," Review of Financial Studies, Society for Financial Studies, vol. 3(2), pages 153-174.
    12. Cornett, Marcia Millon & Tehranian, Hassan, 1992. "Changes in corporate performance associated with bank acquisitions," Journal of Financial Economics, Elsevier, vol. 31(2), pages 211-234, April.
    13. Maloney, Michael T & McCormick, Robert E & Mitchell, Mark L, 1993. "Managerial Decision Making and Capital Structure," The Journal of Business, University of Chicago Press, vol. 66(2), pages 189-217, April.
    14. Asquith, K Paul & Kim, E Han, 1982. "The Impact of Merger Bids on the Participating Firms' Security Holders," Journal of Finance, American Finance Association, vol. 37(5), pages 1209-1228, December.
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    Cited by:

    1. Svetlana Grigorieva & Tatiana Petrunina, 2013. "The performance of mergers and acquisitions in emerging capital markets: new evidence," HSE Working papers WP BRP 20/FE/2013, National Research University Higher School of Economics.
    2. Reddy, K. Srinivasa & Nangia, Vinay Kumar & Agrawal, Rajat, 2012. "Corporate mergers and financial performance: A new assessment of Indian cases," MPRA Paper 60425, University Library of Munich, Germany, revised 2013.
    3. Cheng, Louis T.W. & Leung, T.Y., 2004. "A comparative analysis of the market-based and accounting-based performance of diversifying and non-diversifying acquisitions in Hong Kong," International Business Review, Elsevier, vol. 13(6), pages 763-789, December.
    4. Martynova, M. & Oosting, S. & Renneboog, L.D.R., 2006. "The Long-Term Operating Performance of European Mergers and Acquisitions," Discussion Paper 2006-111, Tilburg University, Center for Economic Research.
    5. Nuria Alcalde Fradejas & Inés Pérez-Soba Aguilar, 2007. "Influencia de las ofertas públicas de adquisición sobre el empleo de las empresas adquiridas: un análisis empírico," Investigaciones Economicas, Fundación SEPI, vol. 31(1), pages 5-42, January.
    6. HAMZA Taher & SGHAIER Adnène & THRAYA Mohamed Firas, 2016. "How Do Takeovers Create Synergies? Evidence From France," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 11(1), pages 54-72, April.
    7. 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.
    8. Ocieszak Marcin, 2020. "Determinants of Companies’ Financial Performance Following M&A Transactions in Poland," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 28(4), pages 51-66, December.
    9. Donker, H.A., 2001. "Takeovers : An empirical study of ownership structure and the wealth to shareholders in Dutch takeovers," Other publications TiSEM 480af60e-4b9b-49f2-ab6c-d, Tilburg University, School of Economics and Management.
    10. Elisa Roncagliolo & Francesco Avallone, 2021. "The complexity in measuring M&A performance: Is a multi-dimensional approach enough?," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2021(1), pages 89-117.
    11. Austin, Rebekah E. & Dunham, Lee M., 2022. "Do FinTech acquisitions improve the operating performance or risk profiles of acquiring firms?," Journal of Economics and Business, Elsevier, vol. 121(C).
    12. Song, Sangcheol & Zeng, Yuping & Zhou, Bing, 2021. "Information asymmetry, cross-listing, and post-M&A performance," Journal of Business Research, Elsevier, vol. 122(C), pages 447-457.
    13. Thenmozhi, M. & Narayanan, P.C., 2016. "Rule of law or country level corporate governance: What matters more in emerging market acquisitions?," Research in International Business and Finance, Elsevier, vol. 37(C), pages 448-463.
    14. Slađana Savović, 2016. "The Post-Acquisition Performance Of Acquired Companies: Evidence From The Rebulic Of Serbia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 61(209), pages 79-104, April - J.
    15. Isha Gupta & T. V. Raman & Naliniprava Tripathy, 2023. "Impact of Merger and Acquisition on Financial Performance: Evidence from Construction and Real Estate Industry of India," FIIB Business Review, , vol. 12(1), pages 74-84, March.
    16. Arzu Hajiyeva, "undated". "The Impact Of Mergers And Acquisitions On The Operational Performance Of Companies In Emerging Capital Markets," Review of Socio - Economic Perspectives 202067, Reviewsep.
    17. Shams, Syed M.M. & Gunasekarage, Abeyratna, 2016. "Operating performance following corporate acquisitions: Does the organisational form of the target matter?," Journal of Contemporary Accounting and Economics, Elsevier, vol. 12(1), pages 1-14.
    18. Ahmed, Rizwan & Chen, Yawen & Benjasak, Chonlakan & Gregoriou, Andros & Nahar Falah Alrwashdeh, Nusiebeh & Than, Ei Thuzar, 2023. "The performance of bidding companies in merger and acquisition deals: An empirical study of domestic acquisitions in Hong Kong and Mainland China," The Quarterly Review of Economics and Finance, Elsevier, vol. 87(C), pages 168-180.
    19. Svetlana Grigorieva & Tatiana Petrunina, 2015. "The performance of mergers and acquisitions in emerging capital markets: new angle," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 26(4), pages 377-403, October.
    20. Nuria Alcalde Fradejas & Manuel Espitia Escuer & Jaime Vallés Giménez, "undated". "El mercado para el control de empresas en Espana. Identificación de las empresas objetivo de OPA," Studies on the Spanish Economy 159, FEDEA.
    21. Bisma Afzal Shah & Khursheed Ahmad Butt, 2019. "A Case Study of Acquisition of Avon Organics Limited by Arch Pharmalabs Limited," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 10(2), pages 08-14, May.

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