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The causes of mergers: tests based on the gains to acquiring firms' shareholders and the size of premia
16 references·16 citing·36 second hopsampled
The causes of mergers: tests based on the gains to acquiring firms' shareholders and the size of premia (2003)The causes of mergers: tests based on the…Corporate Cash Reserves and Acquisitions (1999)Corporate Cash Reserves and A…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly (1992)The Post-Merger Performance o…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…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…The Hubris Hypothesis of Corporate Takeovers (1986)The Hubris Hypothesis of Corp…Strategic Factor Markets: Expectations, Luck, and Business Strategy (1986)Strategic Factor Markets: Exp…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Stock Prices and Social Dynamics (1984)Stock Prices and Social Dynam…The market for corporate control (1983)The market for corporate cont…Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Takeover Bids, The Free-Rider…Mergers and the Market for Corporate Control (1965)Mergers and the Market for Co…The Economic Theory of ‘Managerial’ Capitalism (1964)The Economic Theory of ‘Manag…Differences in returns to cross-border and domestic mergers and acquisitions: Empirical evidence from China using PSM-DID (2023)Differences in returns to cro…The market value effect of digital mergers and acquisitions: Evidence from China (2022)The market value effect of di…Empirical Evidence of Overbidding in M&A Contests (2018)Empirical Evidence of Overbid…Is there a “Dark Side” to Monitoring? B oard and Shareholder Monitoring Effects on M&A Performance Extremeness (2017)Is there a “Dark Side” to Mon…The earnout structure matters: Takeover premia and acquirer gains in earnout financed M&As (2016)The earnout structure matters…Short-Term Performance, Industry Effects, and Motives: Evidence from Large M&As (2016)Short-Term Performance, Indus…Synergy management pitfalls in mergers and acquisitions (2015)Synergy management pitfalls i…A synergy measurement model to support the pre-deal decision making in mergers and acquisitions (2014)A synergy measurement model t…Performance and characteristics of acquiring firms in the Chinese stock markets (2011)Performance and characteristi…The revealed preferences of high technology acquirers: An analysis of the innovation characteristics of their targets (2009)The revealed preferences of h…The Determinants of Merger Waves (2009)The Determinants of Merger Wa…Are M&A Premiums Too High? Analysis of a Quadratic Relationship between Premiums and Returns (2009)Are M&A Premiums Too High? An…Corporate governance and the returns to acquiring firms' shareholders: an international comparison (2007)Corporate governance and the …The Determinants of Merger Waves (2006)The Determinants of Merger Wa…International Corporate Governance After Sarbanes-Oxley (2006)International Corporate Gover…The Dynamics of Merger and Acquisition Waves (2002)The Dynamics of Merger and Ac…The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Large Shareholders and Corporate Control (1986)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Efficient Capital Markets: II (1991)CEO Overconfidence and Corporate Investment (2005)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980)Firm Resources and Sustained Competitive Advantage (1991)Dynamic capabilities and strategic management (1997)Firm resources and sustained competitive advantage (2004)External Control of Organizations: Resource Dependence Perspective (2011)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)The Nature of the Firm (1937)Financing Constraints and Corporate Investment (1987)The Cross-Section of Expected Stock Returns (1992)Higher market valuation of companies with a small board of directors (1996)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cash Flow Sensitivity of Cash (2004)Over-investment of free cash flow (2006)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)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)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1986Strategic Factor Markets: Expectations, Luck, and Business Strategy5,527 cited
  • 1983The market for corporate control4,145 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1980Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation3,093 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 1965Mergers and the Market for Corporate Control2,364 cited
  • 1999Corporate Cash Reserves and Acquisitions2,066 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
  • 1984Stock Prices and Social Dynamics1,615 cited
  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
  • 1964The Economic Theory of ‘Managerial’ Capitalism1,215 cited
  • 1992The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly1,199 cited

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  • 1989Managerial performance, Tobin's Q, and the gains from successful tender offers964 cited
  • Cited by

    • 2017Is there a “Dark Side” to Monitoring? B oard and Shareholder Monitoring Effects on M&A Performance Extremeness89 cited
    • 2011Performance and characteristics of acquiring firms in the Chinese stock markets85 cited
    • 2002The Dynamics of Merger and Acquisition Waves62 cited
    • 2014A synergy measurement model to support the pre-deal decision making in mergers and acquisitions56 cited
    • 2016Short-Term Performance, Industry Effects, and Motives: Evidence from Large M&As53 cited
    • 2006International Corporate Governance After Sarbanes-Oxley47 cited
    • 2006The Determinants of Merger Waves47 cited
    • 2007Corporate governance and the returns to acquiring firms' shareholders: an international comparison46 cited
    • 2009The revealed preferences of high technology acquirers: An analysis of the innovation characteristics of their targets43 cited
    • 2015Synergy management pitfalls in mergers and acquisitions39 cited
    • 2016The earnout structure matters: Takeover premia and acquirer gains in earnout financed M&As39 cited
    • 2022The market value effect of digital mergers and acquisitions: Evidence from China37 cited
    • 2018Empirical Evidence of Overbidding in M&A Contests36 cited
    • 2009Are M&A Premiums Too High? Analysis of a Quadratic Relationship between Premiums and Returns33 cited
    • 2009The Determinants of Merger Waves33 cited
    • 2023Differences in returns to cross-border and domestic mergers and acquisitions: Empirical evidence from China using PSM-DID29 cited