کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5091051 | 1375658 | 2010 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Managerial rights, use of investment banks, and the wealth effects for acquiring firms' shareholders
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Managerial rights, use of investment banks, and the wealth effects for acquiring firms' shareholders Managerial rights, use of investment banks, and the wealth effects for acquiring firms' shareholders](/preview/png/5091051.png)
چکیده انگلیسی
We examine the relation between managerial rights in acquiring firms and the decision to use an investment bank in merger and acquisition deals, and explore whether this relation impacts the wealth effects for acquiring firms' shareholders. We find that acquiring firms whose managers have relatively strong rights are more likely to use investment banks to facilitate deals and are more likely to use reputable banks. The wealth effects to acquiring firms are inversely related to the use of investment banks when managerial rights are relatively strong. However, the wealth loss is mitigated when acquiring firms use reputable investment banks.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 34, Issue 1, January 2010, Pages 44-54
Journal: Journal of Banking & Finance - Volume 34, Issue 1, January 2010, Pages 44-54
نویسندگان
Weishen Wang, Ann Marie Whyte,