What factors drive takeovers in Australia?
Data(s) |
01/01/2010
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Resumo |
We examine the relationships between the wealth changes associated with a takeover announcement to distinguish between three major competing motives—synergy, hubris, and agency. Empirical tests indicate that the synergy motive is the predominant explanation for the majority of takeovers in Australia; however, the evidence is consistent with the simultaneous presence of hubris in value-creating takeovers. The evidence also suggests agency, not hubris, is the primary motivation for the takeovers which result in value destruction.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Feng Chia University, College of Business |
Relação |
http://dro.deakin.edu.au/eserv/DU:30031041/singh-whatfactorsdrive-2010.pdf http://dro.deakin.edu.au/eserv/DU:30031041/singh-whatfactorsdrive-evidence-2010.pdf http://proquest.umi.com/pqdweb?did=2163880601&sid=1&Fmt=3&clientId=20956&RQT=309&VName=PQD |
Direitos |
2010, Feng Chia University |
Palavras-Chave | #takeovers #synergy #agency |
Tipo |
Journal Article |