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The Combined Effects of Free Cash Flow and Financial Slack on Bidder and Target Stock Returns
10 references·16 citing·41 second hop
The Combined Effects of Free Cash Flow and Financial Slack on Bidder and Target Stock Returns (1994)The Combined Effects of Free Cash Flow an…Managerial Decision Making and Capital Structure (1993)Managerial Decision Making an…A test of the free cash flow hypothesis (1991)A test of the free cash flow …Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…Managerial performance, Tobin's Q, and the gains from successful tender offers (1989)Managerial performance, Tobin…Free Cash Flow and Stockholder Gains in Going Private Transactions (1989)Free Cash Flow and Stockholde…Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Synergistic gains from corpor…Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns (1987)Corporate Takeover Bids, Meth…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…On corporate governance (1983)On corporate governanceThe value of access to finance: Evidence from M&As (2018)The value of access to financ…A Life Cycle Explanation of Cooperative Longevity (2018)A Life Cycle Explanation of C…To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China (2017)To what extent does corporate…Do cross-border mergers and acquisitions increase short-term market performance? The case of Chinese firms (2016)Do cross-border mergers and a…What drives firms’ intent to seek strategic assets by foreign direct investment? A study of emerging economy firms (2013)What drives firms’ intent to …The motives and performance of cross-border acquirers from emerging economies: Comparison between Chinese and Indian firms (2013)The motives and performance o…Sociocultural Integration in Mergers and Acquisitions: Unresolved Paradoxes and Directions for Future Research (2013)Sociocultural Integration in …Credit Ratings and the Choice of Payment Method in Mergers and Acquisitions (2013)Credit Ratings and the Choice…Key factors in working capital management in the Brazilian market (2012)Key factors in working capita…The Performance of the European Market for Corporate Control: Evidence from the Fifth Takeover Wave (2009)The Performance of the Europe…Revisiting the Vexing Question: Does Superior Corporate Social Performance Lead to Improved Financial Performance? (2009)Revisiting the Vexing Questio…Mergers and Acquisitions in Europe (2006)Mergers and Acquisitions in E…Financial Performance, CEO Compensation, and Large-Scale Information Technology Outsourcing Decisions (2005)Financial Performance, CEO Co…The causes of mergers: tests based on the gains to acquiring firms' shareholders and the size of premia (2003)The causes of mergers: tests …Larger Return to Cash Acquisitions: Signaling Effect or Leverage Effect?* (2003)Larger Return to Cash Acquisi…Financing decisions and bidder gains (2003)Financing decisions and bidde…An Empirical Evaluation of Accounting Income Numbers (1968)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Using daily stock returns (1985)Efficient Capital Markets: II (1991)EVENT STUDIES IN MANAGEMENT RESEARCH: THEORETICAL AND EMPIRICAL ISSUES. (1997)The market for corporate control (1983)The Hubris Hypothesis of Corporate Takeovers (1986)Management ownership and market valuation (1988)Does Investor Misvaluation Drive the Takeover Market? (2006)Taking Stock of What We Know About Mergers and Acquisitions: A Review and Research Agenda (2009)Corporate social responsibility and stakeholder value maximization: Evidence from mergers (2013)Structural equation modeling in practice: A review and recommended two-step approach. (1988)Principles and Practice of Structural Equation Modeling (1998)Principles and Practice of Structural Equation Modeling (2012)Emerging Market MNEs: Qualitative Review and Theoretical Directions (2016)What is “Chinese” about Chinese multinationals? (2017)Heterogeneous impacts of environmental regulations and foreign direct investment on green innovation across different regions in China (2020)Interorganizational Imitation: The Impact of Interlocks on Corporate Acquisition Activity (1993)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate Social Responsibility as a Conflict Between Shareholders (2010)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Large Shareholders and Corporate Control (1986)Firms, Contracts, and Financial Structure (1995)Firm size and the gains from acquisitions (2004)A review of tax research (2010)Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Influence of Organizational Acquisition Experience on Acquisition Performance: A Behavioral Learning Perspective (1999)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1999)Do outside directors monitor managers? (1992)Meta‐analyses of post‐acquisition performance: indications of unidentified moderators (2003)Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave (2005)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
this work references cited by second hop

References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1990Do Managerial Objectives Drive Bad Acquisitions?1,912 cited
  • 1988Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms1,702 cited
  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
  • 1989Free Cash Flow and Stockholder Gains in Going Private Transactions1,097 cited
  • 1991A test of the free cash flow hypothesis1,068 cited
  • 1989Managerial performance, Tobin's Q, and the gains from successful tender offers964 cited
  • 1983On corporate governance961 cited
  • 1993Managerial Decision Making and Capital Structure334 cited

Cited by

  • 2013What drives firms’ intent to seek strategic assets by foreign direct investment? A study of emerging economy firms335 cited
  • 2009Revisiting the Vexing Question: Does Superior Corporate Social Performance Lead to Improved Financial Performance?235 cited
  • 2013The motives and performance of cross-border acquirers from emerging economies: Comparison between Chinese and Indian firms199 cited
  • 2009The Performance of the European Market for Corporate Control: Evidence from the Fifth Takeover Wave

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193 cited
  • 2013Sociocultural Integration in Mergers and Acquisitions: Unresolved Paradoxes and Directions for Future Research162 cited
  • 2018The value of access to finance: Evidence from M&As158 cited
  • 2016Do cross-border mergers and acquisitions increase short-term market performance? The case of Chinese firms151 cited
  • 2006Mergers and Acquisitions in Europe147 cited
  • 2018A Life Cycle Explanation of Cooperative Longevity139 cited
  • 2017To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China128 cited
  • 2013Credit Ratings and the Choice of Payment Method in Mergers and Acquisitions128 cited
  • 2005Financial Performance, CEO Compensation, and Large-Scale Information Technology Outsourcing Decisions117 cited
  • 2003Financing decisions and bidder gains116 cited
  • 2003Larger Return to Cash Acquisitions: Signaling Effect or Leverage Effect?*102 cited
  • 2012Key factors in working capital management in the Brazilian market97 cited
  • 2003The causes of mergers: tests based on the gains to acquiring firms' shareholders and the size of premia93 cited