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Are M&A Premiums Too High? Analysis of a Quadratic Relationship between Premiums and Returns
16 references·6 citing·45 second hop
Are M&A Premiums Too High? Analysis of a Quadratic Relationship between Premiums and Returns (2009)Are M&A Premiums Too High? Analysis of a …Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave (2005)Wealth Destruction on a Massi…Shareholder Value Creation in European M&As (2004)Shareholder Value Creation in…Cross-border bank mergers: What lures the rare animal? (2003)Cross-border bank mergers: Wh…Where do merger gains come from? Bank mergers from the perspective of insiders and outsiders (2001)Where do merger gains come fr…Stockholder gains from focusing versus diversifying bank mergers (2001)Stockholder gains from focusi…The Synergy Trap: How Companies Lose the Acquisition Game (2000)The Synergy Trap: How Compani…Mergers and shareholder wealth in European banking (2000)Mergers and shareholder wealt…Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris (1997)Explaining the Premiums Paid …A Survey of Corporate Governance (1997)A Survey of Corporate Governa…The overall gains from large bank mergers (1994)The overall gains from large …Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns (1987)Corporate Takeover Bids, Meth…A Theory for the Choice of Exchange Medium in Mergers and Acquisitions (1987)A Theory for the Choice of Ex…The Hubris Hypothesis of Corporate Takeovers (1986)The Hubris Hypothesis of Corp…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The rationale behind interfirm tender offers (1983)The rationale behind interfir…On corporate governance (1983)On corporate governanceEnvironmental innovation and takeover performance (2024)Environmental innovation and …Stemming the tide: Does climate risk affect M&A performance? (2023)Stemming the tide: Does clima…Impact of corporate governance, financial and regulatory factors on firms’ acquisition ability (2020)Impact of corporate governanc…Do mergers and acquisitions create shareholder value in the infrastructure and utility sectors? Analysis of market perceptions (2020)Do mergers and acquisitions c…Age Matters: The Contingency of Economic Distance and Economic Freedom in Emerging Market Firm’s Cross-Border M&A Performance (2019)Age Matters: The Contingency …Liquidity and information asymmetry considerations in corporate takeovers (2018)Liquidity and information asy…Merger proposals, management discretion and stockholder wealth (1980)Merger bids, uncertainty, and stockholder returns (1983)MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY. 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References

  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1997A Survey of Corporate Governance16,237 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1997Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris1,793 cited
  • 2005Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave1,421 cited
  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
  • 1983On corporate governance961 cited
  • 1987A Theory for the Choice of Exchange Medium in Mergers and Acquisitions741 cited
  • 1983The rationale behind interfirm tender offers618 cited
  • 2001Stockholder gains from focusing versus diversifying bank mergers590 cited
  • 2001Where do merger gains come from? Bank mergers from the perspective of insiders and outsiders559 cited
  • 2000The Synergy Trap: How Companies Lose the Acquisition Game488 cited
  • 2000Mergers and shareholder wealth in European banking398 cited
  • 1994The overall gains from large bank mergers389 cited
  • 2003Cross-border bank mergers: What lures the rare animal?338 cited

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  • 2004Shareholder Value Creation in European M&As289 cited
  • Cited by

    • 2019Age Matters: The Contingency of Economic Distance and Economic Freedom in Emerging Market Firm’s Cross-Border M&A Performance44 cited
    • 2023Stemming the tide: Does climate risk affect M&A performance?27 cited
    • 2018Liquidity and information asymmetry considerations in corporate takeovers22 cited
    • 2024Environmental innovation and takeover performance21 cited
    • 2020Impact of corporate governance, financial and regulatory factors on firms’ acquisition ability21 cited
    • 2020Do mergers and acquisitions create shareholder value in the infrastructure and utility sectors? Analysis of market perceptions21 cited