International mergers and acquisitions activity since 1990 [[electronic resource] ] : recent research and quantitative analysis / / edited by Greg N. Gregoriou and Luc Renneboog

• Record Nr.: UNINA9910457682603321
• Autore: Gregoriou Greg N. <1956->
• Pubbl/distr/stampa: Amsterdam ; ; Boston, : Academic, c2007
• ISBN: 1-281-02806-1; 9786611028060; 0-08-054732-X
• Edizione: [1st edition]
• Descrizione fisica: 1 online resource (321 p.)
• Collana: Quantitative finance series
• Altri autori (Persone): RenneboogLuc
• Disciplina: 338.83
• Soggetti: Consolidation and merger of corporations; Consolidation and merger of corporations - Law and legislation; Business cycles; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Front cover; International Mergers and Acquisitions Activity Since 1990; Copyright page; Contents; Acknowledgments; About the editors; List of contributors; Chapter 1: Understanding mergers and acquisitions: activity since 1990; Part One: International M&A Activity and Takeover Performance; Chapter 2: Cross-border mergers and acquisitions: the facts as a guide for international economics; Chapter 3: Searching for value-enhancing acquirers; Chapter 4: The Long-term operating performance in European mergers and acquisitions; Chapter 5: How do bondholders fare in mergers and acquisitions?; Chapter 6: Mix-and-match facilities and loan notes in acquisitions Part Two: Special Types of Mergers and Acquisitions; Chapter 7: Mergers and acquisitions in IPO markets: evidence from Germany; Chapter 8: Reverse mergers in the United Kingdom: listed targets and private acquirers; Chapter 9: The profile of venture capital exits in Canada; Part Three: Valuation and Irrationality in Takeover Decision Making; Chapter 10: Executive compensation and managerial overconfidence: impact on risk taking and shareholder value in corporate acquisitions; Chapter 11: Opportunistic accounting practices around stock-financed mergers in Spain Chapter 12: Size does matter-firm size and the gains from acquisitions on the Dutch market; Index
• Sommario/riassunto: It is now a well-know fact that mergers and acquisitions activity comes in waves. The most recent wave, the 5th takeover wave of the 1990's, was characterized by an unprecedented number of corporate restructurings in terms of mergers and acquisitions (M&As), public-to-private transactions, spin-offs and divestitures, and leveraged recapitalizations. Following the collapse of the stock market in March 2000, M&A activity slumped dramatically, but this pause ended in the second half of 2004 when takeover deals occurred again quite frequently. Indeed, some observers wonder whether the 6th takeover