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Takeovers after "Takeovers"

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  • Andy Cosh
  • Alan Hughes

Abstract

We review five decades of takeover actively in the UK. We assess the relative characteristics of acquiring and acquired companies and the performance impacts of merger using both accounting and share price based measures. We conclude that the fundamental conclusions reached by Ajit Singh about takeovers and the market for corporate control in his seminal contributions of the 1970s remain true in the light of subsequent work.

Suggested Citation

  • Andy Cosh & Alan Hughes, 2008. "Takeovers after "Takeovers"," Working Papers wp363, Centre for Business Research, University of Cambridge.
    • Handle: RePEc:cbr:cbrwps:wp363
    Note: PRO-2
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    File URL: https://www.jbs.cam.ac.uk/cbrwp363/
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Ajit Singh, 2012. "Financial Globalization and Human Development," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 135-151, February.
    2. 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.
    3. Silviano Esteve-Pérez, 2012. "Consolidation by merger: the UK beer market," Small Business Economics, Springer, vol. 39(1), pages 207-229, July.
    4. 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.

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    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

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