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Does ownership concentration improve M&A outcomes in emerging markets?
16 references·16 citing·39 second hopsampled
Does ownership concentration improve M&A outcomes in emerging markets? (2012)Does ownership concentration improve M&A …Corporate Governance in Emerging Economies: A Review of the Principal–Principal Perspective (2008)Corporate Governance in Emerg…Affiliated firms and financial support: Evidence from Indian business groups (2007)Affiliated firms and financia…Foreign and domestic ownership, business groups, and firm performance: evidence from a large emerging market (2006)Foreign and domestic ownershi…A Theory of Pyramidal Ownership and Family Business Groups (2006)A Theory of Pyramidal Ownersh…How do family ownership, control and management affect firm value? (2005)How do family ownership, cont…Ferreting out Tunneling: An Application to Indian Business Groups (2002)Ferreting out Tunneling: An A…Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)Disentangling the Incentive a…The separation of ownership and control in East Asian Corporations (2000)The separation of ownership a…Concentrated Corporate Ownership (2000)Concentrated Corporate Owners…MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY. (1993)MERGERS AND MARKET POWER -- E…The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly (1992)The Post-Merger Performance o…Organizational fit and acquisition performance: Effects of post‐acquisition integration (1991)Organizational fit and acquis…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…Financial Intermediation and Delegated Monitoring (1984)Financial Intermediation and …Merger bids, uncertainty, and stockholder returns (1983)Merger bids, uncertainty, and…Mandatory CSR expenditure and stock market liquidity (2022)Mandatory CSR expenditure and…Can Common Institutional Owners Inhibit Bad Mergers and Acquisitions? Evidence from China (2022)Can Common Institutional Owne…Past, present, and future of mergers and acquisitions in the MENA region: a systematic review and integrative framework (2021)Past, present, and future of …Ownership Concentration and Firm Performance in India (2020)Ownership Concentration and F…Do corporate governance structure and capital structure matter for the performance of the firms? An empirical testing with the contemplation of outliers (2020)Do corporate governance struc…Determinants of CSR disclosure: an evidence from India (2020)Determinants of CSR disclosur…Does State Ownership Really Matter? The Dynamic Alignment of China’s Resource Environment and Firm Internationalization Strategies (2019)Does State Ownership Really M…Corporate governance and MNE strategies in emerging economies (2019)Corporate governance and MNE …The impact of firms' mergers and acquisitions on their performance in emerging economies (2018)The impact of firms' mergers …To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China (2017)To what extent does corporate…The role of corporate governance for acquisitions by the emerging market multinationals: Evidence from India (2017)The role of corporate governa…Ownership identity, strategy and performance: Business group affiliates versus independent firms in India (2016)Ownership identity, strategy …A strategic perspective of cross-listing by emerging market firms: Evidence from Indonesia, Mexico, Poland and South Africa (2016)A strategic perspective of cr…Mergers and acquisitions: CEO duality, operating performance and stock returns in Vietnam (2015)Mergers and acquisitions: CEO…Firm ownership and board characteristics (2015)Firm ownership and board char…Stock return volatility, operating performance and stock returns: International evidence on drivers of the ‘low volatility’ anomaly (2012)Stock return volatility, oper…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Institutions, Institutional Change and Economic Performance (1990)Institutions, Institutional Change and Economic Performance (1991)An institution-based view of international business strategy: a focus on emerging economies (2008)Institutions, resources, and entry strategies in emerging economies (2008)Dimensionalizing Cultures: The Hofstede Model in Context (2011)The market for corporate control (1983)Agency costs of free cash flow, corporate finance, and takeovers (1996)Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)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)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)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)Mergers and the Market for Corporate Control (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Foundations of Finance. (1977)Asset Growth and the Cross‐Section of Stock Returns (2008)The arbitrage theory of capital asset pricing (1976)Moral Hazard and Observability (1979)Bank Runs, Deposit Insurance, and Liquidity (1983)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Intermediation, Loanable Funds, and The Real Sector (1997)The Modern Corporation and Private Property (1933)Corporate Ownership Around the World (1999)Investor Protection and Corporate Valuation (2002)Corporate Governance, Economic Entrenchment and Growth (2004)Politically Connected Firms (2006)A Survey of Corporate Governance (1997)Earnings management and investor protection: an international comparison (2003)Law, finance, and economic growth in China (2005)Law and Finance (1998)Investor protection and corporate governance (2000)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills (2007)The Bind that Ties: Socioemotional Wealth Preservation in Family Firms (2011)Socioemotional Wealth in Family Firms (2012)
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
  • 1984Financial Intermediation and Delegated Monitoring8,393 cited
  • 2000The separation of ownership and control in East Asian Corporations5,753 cited
  • 2005How do family ownership, control and management affect firm value?4,190 cited
  • 2002Disentangling the Incentive and Entrenchment Effects of Large Shareholdings3,845 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 2008Corporate Governance in Emerging Economies: A Review of the Principal–Principal Perspective1,814 cited
  • 2002Ferreting out Tunneling: An Application to Indian Business Groups1,680 cited
  • 1992The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly1,199 cited
  • 1983Merger bids, uncertainty, and stockholder returns922 cited
  • 2000Concentrated Corporate Ownership915 cited
  • 2006A Theory of Pyramidal Ownership and Family Business Groups833 cited
  • 1991Organizational fit and acquisition performance: Effects of post‐acquisition integration779 cited
  • 2006Foreign and domestic ownership, business groups, and firm performance: evidence from a large emerging market757 cited
  • 2007Affiliated firms and financial support: Evidence from Indian business groups

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723 cited
  • 1993MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY.630 cited
  • Cited by

    • 2015Firm ownership and board characteristics190 cited
    • 2022Mandatory CSR expenditure and stock market liquidity181 cited
    • 2017To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China128 cited
    • 2020Determinants of CSR disclosure: an evidence from India124 cited
    • 2019Corporate governance and MNE strategies in emerging economies93 cited
    • 2012Stock return volatility, operating performance and stock returns: International evidence on drivers of the ‘low volatility’ anomaly85 cited
    • 2015Mergers and acquisitions: CEO duality, operating performance and stock returns in Vietnam70 cited
    • 2018The impact of firms' mergers and acquisitions on their performance in emerging economies68 cited
    • 2020Ownership Concentration and Firm Performance in India63 cited
    • 2020Do corporate governance structure and capital structure matter for the performance of the firms? An empirical testing with the contemplation of outliers57 cited
    • 2019Does State Ownership Really Matter? The Dynamic Alignment of China’s Resource Environment and Firm Internationalization Strategies52 cited
    • 2017The role of corporate governance for acquisitions by the emerging market multinationals: Evidence from India48 cited
    • 2016Ownership identity, strategy and performance: Business group affiliates versus independent firms in India46 cited
    • 2016A strategic perspective of cross-listing by emerging market firms: Evidence from Indonesia, Mexico, Poland and South Africa44 cited
    • 2022Can Common Institutional Owners Inhibit Bad Mergers and Acquisitions? Evidence from China33 cited
    • 2021Past, present, and future of mergers and acquisitions in the MENA region: a systematic review and integrative framework29 cited