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Does the Management's Forecast of Merger Synergies Explain the Premium Paid, the Method of Payment, and Merger Motives?
16 references·4 citing·35 second hop
Does the Management's Forecast of Merger Synergies Explain the Premium Paid, the Method of Payment, and Merger Motives? (2011)Does the Management's Forecast of Merger …What Matters in Corporate Governance? (2008)What Matters in Corporate Gov…Firm size and the gains from acquisitions (2004)Firm size and the gains from …Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…New Evidence and Perspectives on Mergers (2001)New Evidence and Perspectives…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 …Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Management entrenchment (1989)Management entrenchmentManagerial control of voting rights (1988)Managerial control of voting …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…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Agency Problems and the Theory of the Firm (1980)Agency Problems and the Theor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Stemming the tide: Does climate risk affect M&A performance? (2023)Stemming the tide: Does clima…An Introduction to Mergers, Acquisitions, and Other Restructuring Activities (2019)An Introduction to Mergers, A…The Evidence on Mergers and Acquisitions: A Historical and Modern Report ✶ ✶We thank James Netter, Lauren O'Neil, and Haley O'Steen for research assistance. (2017)The Evidence on Mergers and A…Mergers and acquisitions: a review (part 2) (2016)Mergers and acquisitions: a r…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)The market for corporate control (1983)Efficient Capital Markets: II (1991)A Survey of Corporate Governance (1997)CEO Overconfidence and Corporate Investment (2005)The Nature of the Firm (1937)Mergers and the Market for Corporate Control (1965)Separation of Ownership and Control (1983)Dynamic capabilities and strategic management (1997)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)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)The Pricing of Options and Corporate Liabilities (1973)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)On Persistence in Mutual Fund Performance (1997)How do family ownership, control and management affect firm value? (2005)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)Law and Finance (1998)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does governance travel around the world? Evidence from institutional investors (2010)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

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  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
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  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
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  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 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
  • 1988Managerial control of voting rights2,441 cited

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  • 2004Firm size and the gains from acquisitions2,355 cited
  • 1989Management entrenchment2,155 cited
  • Cited by

    • 2016Mergers and acquisitions: a review (part 2)44 cited
    • 2017The Evidence on Mergers and Acquisitions: A Historical and Modern Report ✶ ✶We thank James Netter, Lauren O'Neil, and Haley O'Steen for research assistance.38 cited
    • 2019An Introduction to Mergers, Acquisitions, and Other Restructuring Activities28 cited
    • 2023Stemming the tide: Does climate risk affect M&A performance?27 cited