THE MEDIUM OF EXCHANGE IN MERGERS AND ACQUISITIONS

被引：16
|
作者：
PETERSON, DR
PETERSON, PP
机构：
[1] College of Business, Florida State University, Tallahassee
来源：
JOURNAL OF BANKING & FINANCE | 1991年 / 15卷 / 02期
关键词：
D O I：
10.1016/0378-4266(91)90074-V
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the role of the medium of exchange in the explanation of returns and the distribution of wealth between parties in mergers and acquisitions. The wealth changes of shareholders of acquiring and acquired firms is examined for 272 mergers consummated between 1980 and 1986. We find that the distribution of the wealth gains does not differ among mergers using different mediums of exchange and that the relative size of the two parties is the primary determinant of the distribution of wealth changes. © 1991.
引用
下载
收藏
页码：383 / 405
页数：23
相关论文
共 50 条
  • [41] MERGERS & ACQUISITIONS Mergers reach Japan
    Matsuoka, Katsumori
    CHEMICAL & ENGINEERING NEWS, 2019, 97 (48) : 14 - 14
  • [42] PREEMPTIVE BIDDING AND THE ROLE OF THE MEDIUM OF EXCHANGE IN ACQUISITIONS
    FISHMAN, MJ
    JOURNAL OF FINANCE, 1989, 44 (01): : 41 - 57
  • [43] Fintech mergers and acquisitions
    Zheng, Hao
    Mao, Mike Qinghao
    JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2024, 143
  • [44] A note on mergers and acquisitions
    Cigola, Margherita
    Modesti, Paola
    MANAGERIAL FINANCE, 2008, 34 (04) : 221 - +
  • [45] Mergers and acquisitions.
    Riley, Sheila
    LIBRARY JOURNAL, 2007, 132 (04) : 79 - 79
  • [46] Indexing mergers and acquisitions
    Gang, Jianhua
    Guo, Jie
    Hu, Nan
    Li, Xi
    QUANTITATIVE FINANCE, 2018, 18 (06) : 1033 - 1048
  • [47] ON INSTITUTIONAL MERGERS AND ACQUISITIONS
    METZGER, WP
    STEINER, PO
    STROHM, P
    ACADEME-BULLETIN OF THE AAUP, 1982, 68 (02): : A1 - A7
  • [48] Chemical Mergers and Acquisitions
    Chang, Joseph
    Chemical Market Reporter, 2003, 264 (13):
  • [49] MERGERS AND ACQUISITIONS IN UKRAINE
    Shablina, Y. V.
    Goncharov, Y. V.
    ACTUAL PROBLEMS OF ECONOMICS, 2012, (127): : 120 - 128
  • [50] Are mergers and acquisitions contagious?
    Oberg, Christina
    Holtstrom, Johan
    JOURNAL OF BUSINESS RESEARCH, 2006, 59 (12) : 1267 - 1275
12345