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Essays on the Geographical, Product, and Technological Dimensions of the Market for Corporate Control
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| 자료유형 | 학위논문 |
|---|---|
| 서명/저자사항 | Essays on the Geographical, Product, and Technological Dimensions of the Market for Corporate Control. |
| 개인저자 | Testoni, Marco. |
| 단체저자명 | University of California, Los Angeles. Management (MS/PHD) 0535. |
| 발행사항 | [S.l.]: University of California, Los Angeles., 2019. |
| 발행사항 | Ann Arbor: ProQuest Dissertations & Theses, 2019. |
| 형태사항 | 155 p. |
| 기본자료 저록 | Dissertations Abstracts International 81-02A. Dissertation Abstract International |
| ISBN | 9781085608534 |
| 학위논문주기 | Thesis (Ph.D.)--University of California, Los Angeles, 2019. |
| 일반주기 |
Source: Dissertations Abstracts International, Volume: 81-02, Section: A.
Advisor: Lieberman, Marvin B. |
| 이용제한사항 | This item must not be sold to any third party vendors. |
| 요약 | Mergers and acquisitions (M&As) play a central role in companies' strategies. This dissertation investigates how the location of merging companies and their competitors in the geographical, product market, or technological space influences key aspects of M&As, including the takeover price, the acquiring and the target companies' returns, the method of payment, and the spillover effects on the valuation of competitors. In particular, Chapter 1 studies how the geographical location of acquiring and target companies affects the competitiveness of the acquisition process and therefore the acquisition price. Chapter 2 investigates whether face-to-face interactions with the target's employees before an acquisition provide informational advantages to the acquirer and translate into higher acquisition returns. Chapter 3 looks at the perspective of the seller and studies how the geographical distance to the acquiring company affects the seller's incentives to retain partial ownership of the combined entity. Chapter 4 analyzes the market value spillovers of an acquisition announcement on competitors, and proposes a way to empirically disentangle the negative product market rivalry effect from a positive technological signaling effect. |
| 일반주제명 | Management. Finance. |
| 언어 | 영어 |
| 바로가기 | 
: 이 자료의 원문은 한국교육학술정보원에서 제공합니다. |
