Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Sandra Betton"'
Publikováno v:
Journal of Corporate Finance. 75:102243
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3c77b05102353c8b94f697be546d13d1
https://doi.org/10.1016/j.jcorpfin.2022.102243
https://doi.org/10.1016/j.jcorpfin.2022.102243
Publikováno v:
International Review of Financial Analysis. 58:271-287
We perform content analysis on a unique sample of 2074 first-instance published takeover rumors to study how the rationale underlying a publication relates to its credibility and its association with firm returns and rumor accuracy. While most takeov
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f803c2d4a93bf336d16e177685e52b9e
https://doi.org/10.1016/j.irfa.2018.03.013
https://doi.org/10.1016/j.irfa.2018.03.013
Autor:
Sandra Betton, B. Espen Eckbo
Publikováno v:
Review of Financial Studies. 13:841-882
We estimate sequentially outcome probabilities and expected payoffs associated with first, second, and final bids in a large sample of tender offer contests. Rival bids arrive quickly and produce large bid jumps. Greater bidder toeholds (prebid owner
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6516c18758e95ae070743995d1e5088e
https://doi.org/10.1093/rfs/13.4.841
https://doi.org/10.1093/rfs/13.4.841
Publikováno v:
SSRN Electronic Journal.
Do pre-offer target stock price runups increase bidder takeover costs? We present model-based tests of this issue assuming runups are caused by signals that inform investors about potential takeover synergies. Rational deal anticipation implies a rel
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::11af9dcc31ab185d9144ccf7966c3ad3
https://doi.org/10.2139/ssrn.1835073
https://doi.org/10.2139/ssrn.1835073
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2ea743e2bc44286a86a59da003a25cba
https://doi.org/10.2139/ssrn.1785248
https://doi.org/10.2139/ssrn.1785248
Publikováno v:
Journal of Financial Economics.
The substantial control premium typically observed in corporate takeovers makes a compelling case for acquiring target shares (a toehold) in the market prior to launching a bid. Moreover, auction theory suggests that toehold bidding may yield a compe
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ff55b6289c38c73b745fbcb7768967df
https://doi.org/10.1016/j.jfineco.2008.02.004
https://doi.org/10.1016/j.jfineco.2008.02.004
Publikováno v:
SSRN Electronic Journal.
We examine whether pre-bid target stock price runups lower bidder takeover gains and deter short-term toehold purchases in the runup period. A dollar increase in the runup raises the initial oer price by $0.80 (markup pricing). Bidder gains, while de
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0837b33a6d0bcf1bf01dc942addcf249
https://doi.org/10.2139/ssrn.1094946
https://doi.org/10.2139/ssrn.1094946
Publikováno v:
SSRN Electronic Journal.
Surprisingly, bidders rarely acquire a target stake (toehold) prior to launching control bids, despite paying large takeover premiums. At the same time, toeholds are large when they occur, and toehold bidding is the norm in hostile takeovers. To expl
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0696593decc579829eddd67d9874142b
https://doi.org/10.2139/ssrn.715601
https://doi.org/10.2139/ssrn.715601
Autor:
Pablo Moran, Sandra Betton
Publikováno v:
SSRN Electronic Journal.
In this paper we develop and test a theoretical framework that models the negotiation and timing processes of corporate acquisitions. The acquisition timing is modelled using real options techniques, and the negotiation process between target and bid
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8e1bb4b05092159afb0c248ae6c35fc2
https://doi.org/10.2139/ssrn.724841
https://doi.org/10.2139/ssrn.724841