Takeover Activity, Valuation Estimates, and Sources of Merger Gains: Modern Empirical Developments

ISBN-13: 9780123819833 / Angielski / Miękka / 2010 / 804 str.

B. Espen Eckbo

Opis

A selection of republished corporate finance articles and book chapters that can serve as an advanced corporate finance supplementary text for courses that use no textbooks. Combining convenience and an affordable price with retypeset pages and a high-quality index, the 600 pages of volume one, "Takeover Activity, Valuation Estimates and Sources of Merger Gains," focus on classical issues such as the existence and source of merger waves, empirical estimates of takeover announcement returns and the division of takeover gains between bidders and targets, and tests for potential sources of takeover gains (primarily involving estimation of industry wealth effects of takeovers), introducing students to modern scientific evidence about corporate takeovers. Including an index and new introduction, this volume will simplify and facilitate students' interaction with new concepts and applications.

Provides a status report about modern scientific evidence on corporate takeovers

Exposes students to new methods and empirical evidence while reading high quality primary material

Offers a concise and cost-efficient package of journal and book articles for advanced corporate finance students

Spis treści

Introduction to Corporate Takeovers: Modern Empirical Evidence Corporate TakeoversEconometrics of Event StudiesSelf-Selection Models in Corporate FinanceInvestigating the Economic Role of MergersValuation Waves and Merger Activity: The Empirical EvidenceWhat Drives Merger WavesFirm Size and the Gains from AcquisitionsWhy do Private Acquirers Pay so Little Compared to Public The Underpricing of Private TargetsGains in Bank Mergers: Evidence from the Bond MarketsDo Tender Offers Create Value? New Methods and EvidenceHorizontal Mergers, Collusion, and Stockholder WealthSources of Gains in Horizontal Mergers: Evidence from Customers, Supplier, and Rival FirmsIndustry Structure and Horizontal Takeovers: Analysis of Wealth Effects on Rivals, Suppliers, and Corporate CustomersAbnormal Returns to Rivals of Acquisition Targets: A Test of the Acquisition Probability HypothesisWhere do Merger Gains Come From? Bank Mergers from the Perspective of Insiders and OutsidersCorporate Restructuring: Breakups and LBOs