Modern Empirical Developments in Corporate Takeovers: SET

内容简介

Volume 1: Takeover Activity, Valuation Estimates, and Sources of Merger Gains

Introduction to Corporate Takeovers: Modern Empirical Developments; Corporate Takeovers; Econometrics of Event Studies; Self-Selection Models in Corporate Finance; Investigating the Economic Role of Mergers; Valuation Waves and Merger Activity: The Empirical Evidence; What Drives Merger Waves?; Firm Size and the Gains from Acquisitions; Why do Private Acquirers Pay so Little Compared to Public Acquirers?; The Underpricing of Private Targets; Gains in Bank Mergers: Evidence from the Bond Markets; Do Tender Offers Create Value? New Methods and Evidence; Horizontal Mergers, Collusion, and Stockholder Wealth; Sources of Gains in Horizontal Mergers: Evidence from Customers, Supplier, and Rival Firms; Industry Structure and Horizontal Takeovers: Analysis of Wealth Effects on Rivals, Suppliers, and Corporate Customers; Abnormal Returns to Rivals of Acquisition Targets: A Test of the Acquisition Probability Hypothesis; Where do Merger Gains Come From? Bank Mergers from the Perspective of Insiders and Outsiders; Corporate Restructuring: Breakups and LBOs

Volume 2: Bidding Strategies, Financing, and Corporate Control

Introduction to Corporate Takeovers: Modern Empirical Developments; Mergers and Acquisitions: Strategic and Informational Issues; Auctions in Corporate Finance; Bidding Strategies and Takeover Premiums: A Review; Merger Negotiations and the Toehold Puzzle; Do Auctions Induce a Winner's Curse? New Evidence from the Corporate Takeover Market; Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction; Acquisitions as a Means of Restructuring Firms in Chapter 11; Effects of Bankruptcy Court Protection on Asset Sales; Automatic Bankruptcy Auctions and Fire-Sales; Creditor Financing and Overbidding in Bankruptcy Auctions: Theory and Tests; Termination Fees in Mergers and Acquisitions; Poison or Placebo? Evidence on the Deterrence and Wealth Effects of Modern Anti-Takeover Measures; Board Classification and Managerial Entrenchment: Evidence from the Market for Corporate Control; Let's Make a Deal! How Shareholder Control Impacts Merger Payoffs; Cross-Ownership, Returns, and Voting in Mergers; Investor Activism and Takeovers; Valuation Effects of Bank Financing in Acquisitions; Financing Decisions and Bidder Gains; Do Firms have Leverage Targets? Evidence from Acquisitions; CEO Compensation and Incentives: Evidence from M&A Bonuses; Takeover Bids and Target Directors' Incentives: Retention, Experience, and Settling Up; Managerial Discipline and Corporate Restructuring following Performance Declines; Cross-Country Determinants of Mergers and Acquisitions; Spillover of Corporate Governance Standards as a Takeover Synergy in Cross-Border Mergers and Acquisitions; Adopting Better Corporate Governance: Evidence from Cross-Border Mergers; Determinants and Implications of Arbitrage Holdings in Acquisitions; Limited Arbitrage in Mergers and Acquisitions