Table of contents
Do Advisory Fees Contain Evidence of a Principal‐Agent Conflict?
Charles A. Stone, Anne ZissuIn a world where the objectives of managers differ from the objectives of shareholders, the analysis of management response to a tender offer must consider the possibility that…
Merger Premium and the Characteristics of the Board of Directors
Abdul Aziz, Saeed MortazaviSince the publication of The Modem Corporation and Private Property, by Adolf A. Berle, Jr. and Gardiner C. Means, economists have written extensively on the proposition that…
Bidder Companies and Defended Bids: A Test of Roll's Hubris Hypothesis
R.J. LimmackPublished reviews of the extensive body of research into mergers and acquisitions have generally concluded that shareholders as a body are not adversely affected by acquisition…
Statistical Evidence of the Endogeneity Problem: Predicting the Outcome of Tender Offers
Charles A. Stone, Anne ZissuIn the paper “Predicting the Outcome of Tender Offers: An Endogeneity Problem”, we argue that previous econometric models designed to predict the outcome of tender offers have…
A Preliminary Analysis of Shifts in Market Model Regression Parameters in International Mergers Between US and British Firms: 1970–1980
F. Connell, R.L. ConnThis paper reports preliminary evidence on pre to post‐event shifts in the estimated values of the parameters, alpha and beta, of the simple regression market model. Samples, of…
ISSN:
0307-4358e-ISSN:
1758-7743ISSN-L:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson