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Viac informácií o knihe Analysing acquisitions made by Dual Class Companies

• Parametre knihy
• Anotácia kniha
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Anotácia knihy

We examine the effects of dual-class structure on corporate acquisition activities; We also analyse the effect of the wedge between the cash-flow rights and control rights. By analysing a sample of 2233 corporate takeovers between 1995 and 2012 we find that in the short-run; the dual-class structure has a negative effect on the firms' abnormal returns whereas greater deviation between control rights and cash-flow rights within the dual-class sub-sample has an incremental effect on the abnormal returns. However, there is no evidence in favour of the hypothesis that in the long-run, managers use the dual-class structure to sanction unprofitable acquisitions as our long-term cross-sectional tests do not produce significant results. Our results are tested for self-selection issues and coefficients produced for mills ratios were not significant.

Parametre knihy

• Celý názov: Analysing acquisitions made by Dual Class Companies
• Autor: Umang Chaddha
• Jazyk: Angličtina
• Väzba: Brožovaná
• Počet strán: 56
• EAN: 9783659873621
• ID: 10937719
• Nakladateľ: LAP Lambert Academic Publishing
• Hmotnosť: 100 g
• Rozmery: 220 × 150 × 3 mm
• Dátum vydania: 06. May 2016

Obľúbené z iného súdka

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