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The Value Creation Potential of High-Tech Mergers
16 references·16 citing·36 second hopsampled
The Value Creation Potential of High-Tech Mergers (2000)The Value Creation Potential of High-Tech…Agency Problems, Equity Ownership, and Corporate Diversification (1997)Agency Problems, Equity Owner…Diversification's effect on firm value (1995)Diversification's effect on f…Corporate focus and stock returns (1995)Corporate focus and stock ret…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…A Simple Approximation of Tobin's q (1994)A Simple Approximation of Tob…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Does Corporate Performance Improve After Mergers? (1990)Does Corporate Performance Im…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Synergistic gains from corpor…Ownership structure and voting on antitakeover amendments (1988)Ownership structure and votin…Managerial control of voting rights (1988)Managerial control of voting …Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns (1987)Corporate Takeover Bids, Meth…Separation of Ownership and Control (1983)Separation of Ownership and C…Agency Problems and Residual Claims (1983)Agency Problems and Residual …Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The impact of fintech and banks M&A on Acquirer's performance: A strategic win or loss? (2022)The impact of fintech and ban…The impact of fintech M&A on stock returns (2019)The impact of fintech M&A on …Inside the board room: the influence of nationality and cultural diversity on cross-border merger and acquisition outcomes (2018)Inside the board room: the in…Mergers and acquisitions: a review. Part 1 (2016)Mergers and acquisitions: a r…Mergers and acquisitions in the hightech industry: a literature review (2013)Mergers and acquisitions in t…Asset-liability management under time-varying investment opportunities (2011)Asset-liability management un…Sourcing technological knowledge through corporate acquisition: Evidence from an international sample of high technology firms (2008)Sourcing technological knowle…Dual-track versus single-track sell-outs: An empirical analysis of competing harvest strategies (2008)Dual-track versus single-trac…Impact of Visibility and Investment Advisor Credibility on the Valuation Effects of High‐Tech Cross‐Border Acquisitions (2007)Impact of Visibility and Inve…Analyzing Complementarities Using Software Stacks for Software Industry Acquisitions (2006)Analyzing Complementarities U…Where M&A Pays and Where It Strays: A Survey of the Research (2004)Where M&A Pays and Where It S…Toward More Information-Efficient Portfolios (2004)Toward More Information-Effic…The Effect of Cross-Border Acquisitions on Shareholder Wealth — Evidence from Switzerland (2004)The Effect of Cross-Border Ac…Shareholder Value Creation in European M&As (2004)Shareholder Value Creation in…Does an Industry Effect Exist for Initial Public Offerings? (2003)Does an Industry Effect Exist…Battle for Alphas: Hedge Funds versus Long-Only Portfolios (2002)Battle for Alphas: Hedge Fund…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Large Shareholders and Corporate Control (1986)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)The theory and practice of corporate finance: evidence from the field (2001)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Higher market valuation of companies with a small board of directors (1996)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Determinants of corporate borrowing (1977)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Common risk factors in the returns on stocks and bonds (1993)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)Financing Constraints and Corporate Investment (1987)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)The Hubris Hypothesis of Corporate Takeovers (1986)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Strategic assets and organizational rent (1993)Theory of Value (1959)Auditor size and audit quality (1981)Corporate Governance, Board Diversity, and Firm Value (2003)How do family ownership, control and management affect firm value? (2005)Boards: Does one size fit all☆ (2007)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1983Separation of Ownership and Control19,446 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1983Agency Problems and Residual Claims4,877 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1994A Simple Approximation of Tobin's q2,458 cited
  • 1988Managerial control of voting rights2,441 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 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
  • 1990Does Corporate Performance Improve After Mergers?1,662 cited
  • 1988Ownership structure and voting on antitakeover amendments1,600 cited
  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
  • 1997Agency Problems, Equity Ownership, and Corporate Diversification1,305 cited

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1995
Corporate focus and stock returns
1,078 cited

Cited by

  • 2019The impact of fintech M&A on stock returns101 cited
  • 2006Analyzing Complementarities Using Software Stacks for Software Industry Acquisitions96 cited
  • 2002Battle for Alphas: Hedge Funds versus Long-Only Portfolios88 cited
  • 2008Sourcing technological knowledge through corporate acquisition: Evidence from an international sample of high technology firms77 cited
  • 2004Where M&A Pays and Where It Strays: A Survey of the Research72 cited
  • 2018Inside the board room: the influence of nationality and cultural diversity on cross-border merger and acquisition outcomes62 cited
  • 2004The Effect of Cross-Border Acquisitions on Shareholder Wealth — Evidence from Switzerland61 cited
  • 2008Dual-track versus single-track sell-outs: An empirical analysis of competing harvest strategies57 cited
  • 2011Asset-liability management under time-varying investment opportunities56 cited
  • 2004Shareholder Value Creation in European M&As53 cited
  • 2003Does an Industry Effect Exist for Initial Public Offerings?52 cited
  • 2013Mergers and acquisitions in the hightech industry: a literature review51 cited
  • 2016Mergers and acquisitions: a review. Part 150 cited
  • 2004Toward More Information-Efficient Portfolios50 cited
  • 2022The impact of fintech and banks M&A on Acquirer's performance: A strategic win or loss?49 cited
  • 2007Impact of Visibility and Investment Advisor Credibility on the Valuation Effects of High‐Tech Cross‐Border Acquisitions45 cited