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Merger momentum and market valuations: the UK evidence
16 references·2 citing·37 second hopsampled
Merger momentum and market valuations: the UK evidence (2008)Merger momentum and market valuations: th…Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave (2005)Wealth Destruction on a Massi…Stock market driven acquisitions (2003)Stock market driven acquisiti…What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions (2002)What Do Returns to Acquiring …New Evidence and Perspectives on Mergers (2001)New Evidence and Perspectives…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…The impact of industry shocks on takeover and restructuring activity (1996)The impact of industry shocks…Diversification's effect on firm value (1995)Diversification's effect on f…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…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…Using daily stock returns (1985)Using daily stock returnsThe market for corporate control (1983)The market for corporate cont…Measuring security price performance (1980)Measuring security price perf…Long-run performance of mergers and acquisition of privately held targets: evidence in the USA (2012)Long-run performance of merge…Persistent performance and interaction effects in sequential cross-border mergers and acquisitions (2010)Persistent performance and in…Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Efficient Capital Markets: II (1991)A Survey of Corporate Governance (1997)CEO Overconfidence and Corporate Investment (2005)An Empirical Evaluation of Accounting Income Numbers (1968)The Adjustment of Stock Prices to New Information (1969)Risk, Return, and Equilibrium: Empirical Tests (1973)Event Studies in Economics and Finance (1997)Introductory Econometrics for Finance (2008)Common risk factors in the returns on stocks and bonds (1993)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)Capital markets research in accounting (2001)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)ARCH modeling in finance (1992)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)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)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)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)Firm size and the gains from acquisitions (2004)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)
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References

  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1985Using daily stock returns6,497 cited
  • 1983The market for corporate control4,145 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1980Measuring security price performance3,330 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 2001New Evidence and Perspectives on Mergers2,803 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 2003Stock market driven acquisitions2,093 cited
  • 1990Do Managerial Objectives Drive Bad Acquisitions?1,912 cited
  • 2002What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions1,743 cited
  • 1988Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms1,702 cited
  • 1996The impact of industry shocks on takeover and restructuring activity1,512 cited
  • 2005Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave1,421 cited

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  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
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    • 2012Long-run performance of mergers and acquisition of privately held targets: evidence in the USA22 cited
    • 2010Persistent performance and interaction effects in sequential cross-border mergers and acquisitions19 cited