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International mergers and acquisitions activity since 1990 : recent research and quantitative analysis / edited by Greg N. Gregoriou and Luc Renneboog
(Quantitative finance series)

Publisher Amsterdam ; Boston : Academic
Year ©2007
Authors Gregoriou, Greg N. 1956-
Renneboog, Luc

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OB00177649 ScienceDirect (電子ブック) 9780750682893

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Material Type E-Book
Media type 機械可読データファイル
Size 1 online resource (xvi, 304 pages) : illustrations
Notes It is now a well-know fact that mergers and acquisitions activity comes in waves. The most recent wave, the 5th takeover wave of the 1990s, was characterized by an unprecedented number of corporate restructurings in terms of mergers and acquisitions (M & As), public-to-private transactions, spin-offs and divestitures, and leveraged recapitalizations. Following the collapse of the stock market in March 2000, M & A activity slumped dramatically, but this pause ended in the second half of 2004 when takeover deals occurred again quite frequently. Indeed, some observers wonder whether the 6th takeover wave has started. The takeover wave in the 1990s was particularly remarkable in terms of size and geographical dispersion. For the first time, Continental European firms were as eager to participate as their US and UK counterparts, and M & A activity in Europe hit levels similar to those experienced in the US. Due to its financial impact and the unprecedented activity in Continental Europe, the 5th takeover wave of the 1990s and recent takeover activity (in biotech, utilities, pharmaceuticals) have triggered a great deal of interesting academic research. This volume brings together a selection of insightful papers. An impressive group of international authors address the following themes: takeover regulation; the cyclical pattern of the M & A markets and probable causes and effects; methods to determine the performance of success of M & A actions; cross border deals; means of payment and its effects; studies of hostile bids; high leverage takeovers and delistings. *A selection of the best and latest quantitative research on M & A activity worldwide *Impressive collection of international authors *Provides important insights and implications for practitioners
1 Understanding mergers and acquisitions Activity Since 1990, G. Gregoriou and L. Renneboog; Part 1. International M & A activity and takeover performance: 2 Cross-border mergers and acquisitions: The facts as a guide for international economics, S. Brakman, H. Garretsen, C. van Marrewijk; 3 Searching for value enhancing acquirers, M. Lionakis and C. Pang; 4 Long-term operating performance in European mergers and acquisitions, M. Martynova, S. Oosting, and L Renneboog; 5 Bondholder wealth effects in mergers and acquisitions, L. Renneboog and P. Szilagyi; 6 Mix and Match facilities and loan notes in acquisitions, M. Goergen and J. Frecknall-Hughes; -- Part 2 Special types of mergers and acquisitions: -- 7 Mergers and acquisitions in IPO markets: Evidence from Germany, D. Audretsch and E. Lehmann; 8 Reverse mergers in the UK: Listed targets and private acquirers, P. Roosenboom and W. Schramade; 9 The profile of venture capital exits in Canada, D. Cumming and S. Johan; Part 3 Valuation and irrationality in takeover decision making: 10 Executive compensation and managerial overconfidence: Impact on risk taking and shareholder value in corporate acquisitions, S. Sudarsanam and J. Huang; 11 Opportunistic accounting practices around stock financed mergers in Spain, M. Pastor-Llorca and F. Poveda-Fuentes; -- 12 Size Does Matter -- Firm Size and the Gains from Acquisitions on the Dutch Market, R. Kr̃ussl and M. Topper
Includes bibliographical references and index
Print version record
English
Elsevier ScienceDirect All Books
HTTP:URL=https://www.sciencedirect.com/science/book/9780750682893
Subjects LCSH:Consolidation and merger of corporations
LCSH:Consolidation and merger of corporations -- Law and legislation  All Subject Search
LCSH:Business cycles
FREE:BUSINESS & ECONOMICS -- Mergers & Acquisitions  All Subject Search
FREE:Business cycles
FREE:Consolidation and merger of corporations
FREE:Consolidation and merger of corporations -- Law and legislation  All Subject Search
LCSH:Electronic books
FREE:Electronic books
FREE:Electronic books
Classification LCC:HG4028.M4
DC22:338.83
ID 8000079757
ISBN 9780750682893

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