Search results

1 – 3 of 3
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Article
Publication date: 1 April 1989

Ike Mathur, Indudeep Chhachhi and Sridhar Sundaram

The number of mergers in the U.S.A. increased from 2,339 in 1983 to 3,701 in 1987—an increase of 58.23 per cent. Over the same time period the value of mergers increased from…

73

Abstract

The number of mergers in the U.S.A. increased from 2,339 in 1983 to 3,701 in 1987—an increase of 58.23 per cent. Over the same time period the value of mergers increased from $51.89 billion to $167.48 billion—an increase of 323 per cent. Merger activities of this magnitude can be expected to attract a great deal of attention, and they have.

Details

Managerial Finance, vol. 15 no. 4
Type: Research Article
ISSN: 0307-4358

Access Restricted. View access options
Book part
Publication date: 30 March 2001

Sridhar Sundaram, Indudeep Chhachhi and Stuart Rosenstein

This paper examines the association between board composition, ownership structure, and the shareholder wealth of bidding U.S. firms in international acquisitions. Foreign…

Abstract

This paper examines the association between board composition, ownership structure, and the shareholder wealth of bidding U.S. firms in international acquisitions. Foreign acquisitions represent major investment proposals that demand the involvement of the board in the decision-making process. Hence, the international acquisition process provides a good vehicle to examine the efficacy of the board of directors. Consistent with other studies, our results indicate that U.S. bidders experience significant negative wealth effects at the announcement of the acquisition. In addition, we find that wealth effects are significantly and positively related to board size and to share ownership by independent outside directors and inside directors. Sub-samples based on board size reveal that for small boards, share ownership by directors is significantly related to abnormal returns only for insider dominated boards. For large boards, ownership by independent outside directors is significantly related to abnormal returns only for outsider dominated boards.

Details

Advances in Financial Economics
Type: Book
ISBN: 978-0-76230-713-5

Access Restricted. View access options
Book part
Publication date: 30 March 2001

Abstract

Details

Advances in Financial Economics
Type: Book
ISBN: 978-0-76230-713-5

1 – 3 of 3
Per page
102050