Takeover Activity, Valuation Estimates and Merger Gains
Modern Empirical Developments
By- B. Espen Eckbo, Center for Corporate Governance Tuck School at Dartmouth, Hanover, NH, USA
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.
Audience
Graduate and post graduate students in Finance and Economics looking for an introduction to the empirical literature on corporate takeovers; Professors looking for a comprehensive way to teach students about contemporary trends by introducing them to key journal articles and book chapters
Paperback, 864 Pages
Published: March 2010
Imprint: Academic Press
ISBN: 978-0-12-381983-3
Contents
Introduction to Corporate Takeovers: Modern Empirical Evidence
Corporate Takeovers
Econometrics of Event Studies
Self-Selection Models in Corporate FinanceInvestigating the Economic Role of Mergers
Valuation Waves and Merger Activity: The Empirical EvidenceWhat Drives Merger Waves
Firm 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 Markets
Do Tender Offers Create Value? New Methods and EvidenceHorizontal Mergers, Collusion, and Stockholder Wealth
Sources 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 Customers
Abnormal 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 Outsiders
Corporate Restructuring: Breakups and LBOs
