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Value creation and challenges of an international transaction The DaimlerChrysler merger
12 references·2 citing·51 second hop
Value creation and challenges of an international transaction The DaimlerChrysler merger (2000)Value creation and challenges of an inter…An analysis of value destruction and recovery in the alliance and proposed merger of Volvo and Renault (1999)An analysis of value destruct…Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1 (1998)Wealth creation versus wealth…Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Market efficiency, long-term …Do Long‐Term Shareholders Benefit From Corporate Acquisitions? (1997)Do Long‐Term Shareholders Ben…A Clinical Exploration of Value Creation and Destruction in Acquisitions: Organizational Design, Incentives, and Internal Capital Markets (1997)A Clinical Exploration of Val…The critical path : inventing an automobile and reinventing a corporation (1996)The critical path : inventing…An analysis of value destruction in AT&T's acquisition of NCR (1995)An analysis of value destruct…Campeau's acquisition of Federated (1994)Campeau's acquisition of Fede…Campeau's acquisition of federated (1989)Campeau's acquisition of fede…The Hubris Hypothesis of Corporate Takeovers (1986)The Hubris Hypothesis of Corp…The effect of discretionary price control decisions on equity values (1982)The effect of discretionary p…Modern Developments in Financial Management. (1978)Modern Developments in Financ…Board experience and value creation in cross-border acquisitions: The role of acquirer and target country institutions (2021)Board experience and value cr…Strategic Foresight : Prozesse strategischer Trend- und Zukunftsforschung in Unternehmen (2008)Strategic Foresight : Prozess…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Synergy management pitfalls in mergers and acquisitions (2015)Mergers and acquisitions: a review (part 2) (2016)Mergers and acquisitions: a review. Part 1 (2016)The effects of management buyouts on operating performance and value (1989)Financial distress, reorganization, and organizational efficiency (1990)CHALLENGES IN RESEARCHING CORPORATE RESTRUCTURING* (1993)Liquidation Costs and Accounting Data (1996)The legal environment and corporate valuation: Evidence from cross-border takeovers (2008)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)The Structure of Corporate Ownership: Causes and Consequences (1985)Diversification's effect on firm value (1995)Financial Advisors and Shareholder Wealth Gains in Corporate Takeovers (2003)Merger Momentum and Investor Sentiment: The Stock Market Reaction to Merger Announcements* (2006)Corporate Takeovers**Surveying the vast area of corporate takeovers is a daunting task, and we have undoubtedly missed many interesting contributions. We apologize to those who feel their research has been left out or improperly characterized, and welcome reactions and comments. Some of the material in Section 3 is also found in Eckbo (2008). (2008)Large Shareholders and Corporate Control (1986)Management ownership and market valuation (1988)The dark side of alliances: (1998)Joint venture dissolution as corporate divorce (2002)Incentive Asymmetries in the Mergers and Acquisitions Process* (2007)The Adjustment of Stock Prices to New Information (1969)Estimating betas from nonsynchronous data (1977)The International Debt Crisis and Bank Security Returns in 1982 (1987)Collusive Price Leadership (1990)The Adjustment of Stock Prices to New Information (2003)Is European M&A Regulation Protectionist? (2007)The market for corporate control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)A five-factor asset pricing model (2014)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Efficient Capital Markets: II (1991)A Survey of Corporate Governance (1997)CEO Overconfidence and Corporate Investment (2005)Toward a positive theory of consumer choice (1980)Does the Stock Market Overreact? (1985)Positive Accounting Theory (1985)A Measurement Approach to Conservatism and Earnings Management (2012)Gathering Data for Archival, Field, Survey, and Experimental Accounting Research (2016)Nonfinancial reporting regulation and challenges in sustainability disclosure and corporate governance practices (2020)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Common risk factors in the returns on stocks and bonds (1993)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Presidential Address: Discount Rates (2011)The valuation of a NDA using a 6-fold compound option (2003)Valuing governmental support in infrastructure projects as real options using Monte Carlo simulation (2006)Work Ethic, Employment Contracts, and Firm Value (2009)
this work references cited by second hop

References

  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1998Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.12,572 cited
  • 1997Do Long‐Term Shareholders Benefit From Corporate Acquisitions?966 cited
  • 1998Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1241 cited
  • 1995An analysis of value destruction in AT&T's acquisition of NCR217 cited
  • 1978Modern Developments in Financial Management.109 cited
  • 1982The effect of discretionary price control decisions on equity values107 cited
  • 1989Campeau's acquisition of federated105 cited

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1999
An analysis of value destruction and recovery in the alliance and proposed merger of Volvo and Renault
81 cited
  • 1997A Clinical Exploration of Value Creation and Destruction in Acquisitions: Organizational Design, Incentives, and Internal Capital Markets51 cited
  • 1994Campeau's acquisition of Federated47 cited
  • 1996The critical path : inventing an automobile and reinventing a corporation34 cited
  • Cited by

    • 2008Strategic Foresight : Prozesse strategischer Trend- und Zukunftsforschung in Unternehmen33 cited
    • 2021Board experience and value creation in cross-border acquisitions: The role of acquirer and target country institutions17 cited