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Corporate Governance and Regulatory Impact on Mergers and Acquisitions : Research and Analysis on Activity Worldwide Since 1990.
Title:
Corporate Governance and Regulatory Impact on Mergers and Acquisitions : Research and Analysis on Activity Worldwide Since 1990.
Author:
Gregoriou, Greg N.
ISBN:
9780080549323
Personal Author:
Physical Description:
1 online resource (304 pages)
Series:
Quantitative Finance
Contents:
Corporate Governance and Regulatory Impact on Mergers and Acquisitions -- Copyright Page -- Contents -- Acknowledgments -- About the Editors -- List of Contributors -- Chapter 1: Understanding Mergers and Acquisitions: Corporate Governance and Regulatory Issues -- 1.1 Corporate Governance and Takeovers -- 1.2 Key Aspects of Takeover Regulation -- 1.3 Overview of the Research Presented in this Volume -- References -- Chapter 2: The Effect of Merger Laws on Merger Activity: International Evidence -- 2.1 Introduction -- 2.2 Related Literature -- 2.3 Merger Laws -- 2.4 Merger Data -- 2.5 Domestic and Cross-Border Mergers, and Merger Laws -- 2.6 Conclusion -- References -- Chapter 3: The Governance Motive in Cross-Border Mergers and Acquisitions -- 3.1 Introduction -- 3.2 A Simple Model of Cross-Border Merger and Acquisition Activity -- 3.3 Empirical Analysis -- 3.4 Conclusion -- Chapter 3 Appendix -- References -- Chapter 4: Corporate Governance Convergence Through Cross-Border Mergers: The Case of Aventis -- 4.1 Introduction -- 4.2 Aventis: Characteristics and Main Results -- 4.3 The Merging Parties -- 4.4 The Merger: The Formation of Aventis -- 4.5 Corporate Governance: Rhocircne-Poulenc, Hoechst, and the French and German Corporate Codes -- 4.6 Corporate Governance of Aventis -- 4.7 Conclusion -- References -- Acknowledgments -- Chapter 5: Whither Hostility? -- 5.1 Introduction -- 5.2 Discipline as a Motivation for Mergers -- 5.3 The Decline of the Hostile Takeover -- 5.4 The Reappearance of Hostility -- 5.5 Conclusion -- References -- Chapter 6: Corporate Governance and acquisitions: Acquirer Wealth Effects in the Netherlands -- 6.1 Introduction -- 6.2 Literature Review -- 6.3 Research Design -- 6.4 Results -- 6.5 Conclusion -- References -- Chapter 7: European Union Takeover Regulation and the One-Share One-Vote Controversy -- 7.1 Introduction.

7.2 Shareholder Democracy -- 7.3 Economics of Ownership and Corporate Voting: A Brief Overview -- 7.4 Is One-Share One-Vote Optimal? -- 7.5 Conclusion and Policy Implications -- References -- Chapter 8: Opportunities in the Merger and Acquisition Aftermarket: Squeezing Out and Selling Out -- 8.1 Introduction -- 8.2 Rationale for the Squeeze-Out Right and the Sellout Right -- 8.3 Squeeze-Out Right and the Protection of Private Property -- 8.4 The Squeeze-Out Right and the Sellout Right in a Comparative Legal Perspective -- 8.5 Conclusion -- References -- Chapter 9: Valuation Methods and German Merger Practice -- 9.1 Introduction -- 9.2 The Background of Merger Processes in Germany -- 9.3 Basic Valuation Principles in Germany -- 9.4 The German Tax CAPM-a Tax CAPM with German Income Tax -- 9.5 A Valuation Example: Merger Valuation of Deutsche Telekom -- 9.6 Consequences for German Takeover Practice -- 9.7 Conclusion -- References -- Chapter 10: Share Buybacks, Institutional Investors, and Corporate Control -- 10.1 Introduction -- 10.2 Buyback Mechanisms -- 10.3 Myth and Reality of Buybacks -- 10.4 Conclusion -- Acknowledgments -- References -- Index.
Abstract:
Corporate Governance and regulatory presssures have been much in the news lately. How they affect the bottom line of corporations has been difficult to quantify, and research is just beginning to be published that addresses this crucial question. This book is the first collection for new research about the impact of takeover regulation and corporate governance on M&A financial results. It will be essential reading to any M&A specialist, an investment banker, a hedge fund manager, a private equity director, or a venture capitalist. Also a must read for financial analysts who follow M&A targets. The book presents research from around the world so it provides a global perspective on this important topic. *The first and only book of research on takeover regulation and corporate governance affecting M&A results *Stands out from all the "How to" books on M&A and M&A disaster books because it provides solid high-quality research on what works and how different decisions affect company and shareholder value *Research provides a guideline for decisionmakers in investment banks, private equity companies, and for financial analysts.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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