메뉴 건너뛰기




Volumn 27, Issue 3, 2003, Pages 373-395

Intra-industry and inter-country effects of European mergers

Author keywords

[No Author keywords available]

Indexed keywords


EID: 67349247615     PISSN: 10550925     EISSN: 19389744     Source Type: Journal    
DOI: 10.1007/BF02761572     Document Type: Article
Times cited : (9)

References (34)
  • 1
    • 0043098280 scopus 로고    scopus 로고
    • Intra-industry signals embedded in bank acquisition announcements
    • Akhigbe, A., and Jeff Madura. 1999a. "Intra-Industry Signals Embedded in Bank Acquisition Announcements." Journal of Banking and Finance 23: 1637-1655.
    • (1999) Journal of Banking and Finance , vol.23 , pp. 1637-1655
    • Akhigbe, A.1    Madura, J.2
  • 2
    • 13444307772 scopus 로고    scopus 로고
    • The industry effects regarding the probability of takeovers
    • Akhigbe, A., and Jeff Madura. 1999b. "The Industry Effects Regarding the Probability of Takeovers." The Financial Review 34: 1-18.
    • (1999) The Financial Review , vol.34 , pp. 1-18
    • Akhigbe, A.1    Madura, J.2
  • 3
    • 0012654087 scopus 로고    scopus 로고
    • Bustup takeover of value destroying diversified firms
    • Berger, P. 1996. "Bustup Takeover of Value Destroying Diversified Firms." Journal of Finance 51: 1175-1200.
    • (1996) Journal of Finance , vol.51 , pp. 1175-1200
    • Berger, P.1
  • 6
    • 85015708669 scopus 로고    scopus 로고
    • Industry structure and ripple effects of bankruptcy announcements
    • Cheng, L.. and J. McDonald. 1996. "Industry Structure and Ripple Effects of Bankruptcy Announcements." Financial Review 31: 783-807.
    • (1996) Financial Review , vol.31 , pp. 783-807
    • Cheng, L.1    McDonald, J.2
  • 9
    • 0039334116 scopus 로고
    • Does the market react differently to domestic and foreign takeover announcements?
    • Dewenter, K. 1995. "Does the Market React Differently to Domestic and Foreign Takeover Announcements?" Journal of Financial Economics 37: 421-442.
    • (1995) Journal of Financial Economics , vol.37 , pp. 421-442
    • Dewenter, K.1
  • 10
    • 49149146329 scopus 로고
    • Merger proposals, management discretion, and stockholder wealth
    • Dodd, P. 1980. "Merger Proposals, Management Discretion, and Stockholder Wealth." Journal of Financial Economics 8: 105-137.
    • (1980) Journal of Financial Economics , vol.8 , pp. 105-137
    • Dodd, P.1
  • 11
    • 0009234287 scopus 로고
    • Horizontal mergers, collusion and stockholder wealth
    • Eckbo, B. 1983. "Horizontal Mergers, Collusion and Stockholder Wealth." Journal of Financial Economics 11: 241-273.
    • (1983) Journal of Financial Economics , vol.11 , pp. 241-273
    • Eckbo, B.1
  • 12
    • 0030295974 scopus 로고    scopus 로고
    • Cross-border acquisitions and shareholder wealth: Tests of the synergy and internalization hypothesis
    • Eun, C, R. Kolodny, and C. Scheraga. 1996. "Cross-Border Acquisitions and Shareholder Wealth: Tests of the Synergy and Internalization Hypothesis." Journal of Banking and Finance 20: 1559-1582.
    • (1996) Journal of Banking and Finance , vol.20 , pp. 1559-1582
    • Eun, C.1    Kolodny, R.2    Scheraga, C.3
  • 13
    • 0029693574 scopus 로고    scopus 로고
    • Hostile takeovers and the correction of managerial failure
    • Franks, J., and C. Mayer. 1996. "Hostile Takeovers and the Correction of Managerial Failure." Journal of Financial Economics 40: 163-181.
    • (1996) Journal of Financial Economics , vol.40 , pp. 163-181
    • Franks, J.1    Mayer, C.2
  • 15
    • 0038873606 scopus 로고    scopus 로고
    • Equity issuance and adverse selection: A direct test using conditional stock offers
    • Houston, J., and M. Ryngaert. 1997. "Equity Issuance and Adverse Selection: A Direct Test Using Conditional Stock Offers." Journal of Finance 52: 197-219.
    • (1997) Journal of Finance , vol.52 , pp. 197-219
    • Houston, J.1    Ryngaert, M.2
  • 16
    • 84977712240 scopus 로고
    • The success of acquisitions: Evidence from divestitures
    • Kaplan, S., and M. Weisbach. 1992. "The Success of Acquisitions: Evidence from Divestitures." Journal of Finance 47: 107-138.
    • (1992) Journal of Finance , vol.47 , pp. 107-138
    • Kaplan, S.1    Weisbach, M.2
  • 18
    • 0003143402 scopus 로고
    • Contagion and competitive intra-industry effects of bankruptcy announcements: An empirical analysis
    • Lang, L., and R. Stulz. 1992. "Contagion and Competitive Intra-Industry Effects of Bankruptcy Announcements: An Empirical Analysis." Journal of Financial Economics 32: 45-60.
    • (1992) Journal of Financial Economics , vol.32 , pp. 45-60
    • Lang, L.1    Stulz, R.2
  • 19
    • 84985264899 scopus 로고
    • Effects of alternative goodwill treatments on merger premia: Further empirical evidence
    • Autumn
    • Lee, C, and F. Choi. 1992. "Effects of Alternative Goodwill Treatments on Merger Premia: Further Empirical Evidence." Journal of International Financial Management and Accounting (Autumn): 220-236.
    • (1992) Journal of International Financial Management and Accounting , pp. 220-236
    • Lee, C.1    Choi, F.2
  • 20
    • 84993848595 scopus 로고
    • A pure financial rationale for the conglomerate merger
    • Lewellen, W. 1971. "A Pure Financial Rationale for the Conglomerate Merger." Journal of Finance: 521-535.
    • (1971) Journal of Finance , pp. 521-535
    • Lewellen, W.1
  • 21
    • 0040426296 scopus 로고    scopus 로고
    • International evidence on the value of corporate diversification
    • Lins, K., and H. Servaes, 1999. "International Evidence on the Value of Corporate Diversification." Journal of Finance 54: 2215-2239.
    • (1999) Journal of Finance , vol.54 , pp. 2215-2239
    • Lins, K.1    Servaes, H.2
  • 22
    • 84977707515 scopus 로고
    • Corporate performance, corporate takeovers, and management turnover
    • Martin, K., and J. McConnell. 1991. "Corporate Performance, Corporate Takeovers, and Management Turnover." Journal of Finance 46: 671-687.
    • (1991) Journal of Finance , vol.46 , pp. 671-687
    • Martin, K.1    McConnell, J.2
  • 23
    • 84979184367 scopus 로고
    • Instantaneous merger profit as a conglomerate merger motive
    • (December)
    • Mead, W. J. 1969. "Instantaneous Merger Profit as a Conglomerate Merger Motive." Western Economic Journal (December): 295-306.
    • (1969) Western Economic Journal , pp. 295-306
    • Mead, W.J.1
  • 25
    • 0030160301 scopus 로고    scopus 로고
    • The impact of industry shocks on takeover and restructuring activity
    • Mitchell, M., and J. Mulherin. 1996. "The Impact of Industry Shocks on Takeover and Restructuring Activity." Journal of Financial Economics 41: 193-229.
    • (1996) Journal of Financial Economics , vol.41 , pp. 193-229
    • Mitchell, M.1    Mulherin, J.2
  • 26
    • 84977702683 scopus 로고
    • Do managerial objectives drive bad acquisitions?
    • Morck, R., A. Shleifer, and R. W. Vishny. 1990. "Do Managerial Objectives Drive Bad Acquisitions?" Journal of Finance 45: 31-48.
    • (1990) Journal of Finance , vol.45 , pp. 31-48
    • Morck, R.1    Shleifer, A.2    Vishny, R.W.3
  • 27
    • 38249018482 scopus 로고
    • Differential intra-industry information transfer associated with management earnings forecasts
    • Pyo, Y., and S. Lustgarten. 1990. "Differential Intra-Industry Information Transfer Associated with Management Earnings Forecasts." Journal of Accounting and Economics 13: 365-379.
    • (1990) Journal of Accounting and Economics , vol.13 , pp. 365-379
    • Pyo, Y.1    Lustgarten, S.2
  • 28
    • 84986468683 scopus 로고
    • Impact of relative size and industrial relatedness on returns to shareholders of acquiring firms
    • Scanlon, K., J. Trifts, and R. Pettway. 1989. "Impact of Relative Size and Industrial Relatedness on Returns to Shareholders of Acquiring Firms." Journal of Financial Research 12: 103-112.
    • (1989) Journal of Financial Research , vol.12 , pp. 103-112
    • Scanlon, K.1    Trifts, J.2    Pettway, R.3
  • 29
    • 0030161296 scopus 로고    scopus 로고
    • Markup pricing in mergers and acquisitions
    • Schwert, W. 1996. "Markup Pricing in Mergers and Acquisitions." Journal of Financial Economics 41: 153-192.
    • (1996) Journal of Financial Economics , vol.41 , pp. 153-192
    • Schwert, W.1
  • 30
    • 0039056187 scopus 로고    scopus 로고
    • The value of diversification during the conglomerate merger wave
    • Servaes, H. 1996. "The Value of Diversification during the Conglomerate Merger Wave." Journal of Finance 51: 1201-1225.
    • (1996) Journal of Finance , vol.51 , pp. 1201-1225
    • Servaes, H.1
  • 31
    • 0002878428 scopus 로고
    • The intra-industry effects of going-private transactions
    • Slovin, M., M. Sushka, and Y. Bendeck. 1991. "The Intra-Industry Effects of Going-Private Transactions." Journal of Finance 46: 1537-1550.
    • (1991) Journal of Finance , vol.46 , pp. 1537-1550
    • Slovin, M.1    Sushka, M.2    Bendeck, Y.3
  • 32
    • 38249010045 scopus 로고
    • Informational externalities of seasoned equity issues: Differences between banks and industrial firms
    • Slovin, M., M. Sushka, and J. Polonchek. 1992. "Informational Externalities of Seasoned Equity Issues: Differences between Banks and Industrial Firms." Journal of Financial Economics 32: 87-101.
    • (1992) Journal of Financial Economics , vol.32 , pp. 87-101
    • Slovin, M.1    Sushka, M.2    Polonchek, J.3
  • 33
    • 0001666748 scopus 로고
    • Dummy variables: Mechanics vs. interpretation
    • Suits, D. 1984. "Dummy Variables: Mechanics vs. Interpretation. " Review of Economics and Statistics 66: 177-180.
    • (1984) Review of Economics and Statistics , vol.66 , pp. 177-180
    • Suits, D.1
  • 34
    • 33645396626 scopus 로고    scopus 로고
    • The intra-industry information effect of downsizing announcements
    • Sun, H., and A. Yang. 1998. "The Intra-Industry Information Effect of Downsizing Announcements." American Business Review 16: 68-76.
    • (1998) American Business Review , vol.16 , pp. 68-76
    • Sun, H.1    Yang, A.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.