메뉴 건너뛰기




Volumn 79, Issue 5, 2006, Pages 2503-2537

Post-takeover restructuring and the sources of gains in foreign takeovers: Evidence from U.S. targets

Author keywords

[No Author keywords available]

Indexed keywords


EID: 33845985330     PISSN: 00219398     EISSN: None     Source Type: Journal    
DOI: 10.1086/505242     Document Type: Article
Times cited : (4)

References (26)
  • 3
    • 0002479105 scopus 로고
    • Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms
    • Bradley, Michael, Anand Desai, and E. Han Kim. 1988. Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms. Journal of Financial Economics 21:3-40.
    • (1988) Journal of Financial Economics , vol.21 , pp. 3-40
    • Bradley, M.1    Desai, A.2    Han Kim, E.3
  • 6
    • 0039334116 scopus 로고
    • Does the market react differently to domestic and foreign takeover announcements? Evidence from the U.S. chemical and retail industries
    • Dewenter, Kathryn L. 1995. Does the market react differently to domestic and foreign takeover announcements? Evidence from the U.S. chemical and retail industries. Journal of Financial Economics 37:421-41.
    • (1995) Journal of Financial Economics , vol.37 , pp. 421-441
    • Dewenter, K.L.1
  • 7
    • 0001163995 scopus 로고
    • On corporate governance: A study of proxy contests
    • Dodd, Peter, and Jerold B. Warner. 1983. On corporate governance: A study of proxy contests. Journal of Financial Economics 11:401-38.
    • (1983) Journal of Financial Economics , vol.11 , pp. 401-438
    • Dodd, P.1    Warner, J.B.2
  • 8
    • 0002445582 scopus 로고
    • Trade, location of economic activity and the MNE: A search for an eclectic approach
    • ed. Bertil Ohlin, Per-Ove Hesselborn, and Per Magnus Wijkman. London: Holmes & Meier
    • Dunning, John H. 1977. Trade, location of economic activity and the MNE: A search for an eclectic approach. In The international allocation of economic activity, ed. Bertil Ohlin, Per-Ove Hesselborn, and Per Magnus Wijkman. London: Holmes & Meier.
    • (1977) The international allocation of economic activity
    • Dunning, J.H.1
  • 11
    • 84977736926 scopus 로고
    • The role of acquisition in foreign direct investment: Evidence from the U.S. stock market
    • Harris, Robert S., and David Ravenscraft. 1991. The role of acquisition in foreign direct investment: Evidence from the U.S. stock market. Journal of Finance 46:825-44.
    • (1991) Journal of Finance , vol.46 , pp. 825-844
    • Harris, R.S.1    Ravenscraft, D.2
  • 12
    • 33846021208 scopus 로고    scopus 로고
    • Holmstrom, Bengt, and Steven N. Kaplan. 2001. Corporate governance and merger activity in the U.S.: Making sense of the 1980s and 1990s. Working Paper no. 8220, National Bureau of Economic Research, Cambridge, MA.
    • Holmstrom, Bengt, and Steven N. Kaplan. 2001. Corporate governance and merger activity in the U.S.: Making sense of the 1980s and 1990s. Working Paper no. 8220, National Bureau of Economic Research, Cambridge, MA.
  • 13
    • 0344412307 scopus 로고
    • Target abnormal returns associated with acquisition announcements: Payment, acquisition form, and managerial resistance
    • Huang, Yen-Sheng, and Ralph A. Walkling. 1987. Target abnormal returns associated with acquisition announcements: Payment, acquisition form, and managerial resistance. Journal of Financial Economics 19:329-49.
    • (1987) Journal of Financial Economics , vol.19 , pp. 329-349
    • Huang, Y.1    Walkling, R.A.2
  • 14
    • 0001695693 scopus 로고
    • The international market for corporate control: Mergers and acquisitions of U.S. firms by Japanese firms
    • Kang, Jun-Koo. 1993. The international market for corporate control: Mergers and acquisitions of U.S. firms by Japanese firms. Journal of Financial Economics 34:345-71.
    • (1993) Journal of Financial Economics , vol.34 , pp. 345-371
    • Kang, J.1
  • 17
    • 0003303182 scopus 로고
    • Characteristics of targets of hostile and friendly takeovers
    • ed. Alan J. Auerbach. Chicago: University of Chicago Press
    • Morck, Randall, Andrei Shleifer, and Robert W. Vishny. 1988. Characteristics of targets of hostile and friendly takeovers. In Corporate takeovers: Causes and consequences, ed. Alan J. Auerbach. Chicago: University of Chicago Press.
    • (1988) Corporate takeovers: Causes and consequences
    • Morck, R.1    Shleifer, A.2    Vishny, R.W.3
  • 18
    • 0039927002 scopus 로고
    • The medium of exchange in mergers and acquisitions
    • Peterson, David R., and Pamela P. Peterson. 1991. The medium of exchange in mergers and acquisitions. Journal of Banking and Finance 15:383-405.
    • (1991) Journal of Banking and Finance , vol.15 , pp. 383-405
    • Peterson, D.R.1    Peterson, P.P.2
  • 20
    • 0000018965 scopus 로고
    • The effects of changes in tax laws on corporate reorganization activity
    • January
    • Scholes, Myron S., and Mark A. Wolfson. 1990. The effects of changes in tax laws on corporate reorganization activity. Journal of Business 63, no. 1, suppl. (January): S141-S164.
    • (1990) Journal of Business , vol.63 , Issue.1 and SUPPL.
    • Scholes, M.S.1    Wolfson, M.A.2
  • 21
    • 84977724620 scopus 로고
    • Tobin's q and the gains from takeovers
    • Servaes, Henri. 1991. Tobin's q and the gains from takeovers. Journal of Finance 46:409-19.
    • (1991) Journal of Finance , vol.46 , pp. 409-419
    • Servaes, H.1
  • 22
    • 21844510182 scopus 로고
    • Taxes and the returns to foreign acquisitions in the U.S
    • Servaes, Henri, and Mark Zenner. 1994. Taxes and the returns to foreign acquisitions in the U.S. Financial Management 23:42-56.
    • (1994) Financial Management , vol.23 , pp. 42-56
    • Servaes, H.1    Zenner, M.2
  • 23
    • 33845965297 scopus 로고    scopus 로고
    • Shleifer, Andrei, and Robert W. Vishny. 1986. Large shareholders and corporate control. Journal of Political Economy 94:461-88.
    • Shleifer, Andrei, and Robert W. Vishny. 1986. Large shareholders and corporate control. Journal of Political Economy 94:461-88.
  • 24
    • 84977717653 scopus 로고
    • Corporate takeover bids, method of payment, and bidding firms' stock returns
    • Travlos, Nicholas G. 1987. Corporate takeover bids, method of payment, and bidding firms' stock returns. Journal of Finance 42:943-63.
    • (1987) Journal of Finance , vol.42 , pp. 943-963
    • Travlos, N.G.1
  • 25
    • 0002687813 scopus 로고
    • Abnormal returns to acquired firms by type of acquisition and method of payment
    • Wansley, James W., William R. Lane, and Ho C. Yang. 1983. Abnormal returns to acquired firms by type of acquisition and method of payment. Financial Management 12:16-22.
    • (1983) Financial Management , vol.12 , pp. 16-22
    • Wansley, J.W.1    Lane, W.R.2    Yang, H.C.3
  • 26
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White, Halbert. 1980. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 48:817-38.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.