WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE?
This study examines whether bidders� post-merger operating performance are affected by their CEO behavior, premiums paid to the target firms, the period of mergers, the method of payment, the industry of merged firms, capital liquidity, and their pre-merger operating performance. Testing the U.S. su...
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| Format: | Article |
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[Yogyakarta] : Universitas Gadjah Mada
2010
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| _version_ | 1797019893554479104 |
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| author | Perpustakaan UGM, i-lib |
| author_facet | Perpustakaan UGM, i-lib |
| author_sort | Perpustakaan UGM, i-lib |
| collection | UGM |
| description | This study examines whether bidders� post-merger operating
performance are affected by their CEO behavior, premiums
paid to the target firms, the period of mergers, the method of
payment, the industry of merged firms, capital liquidity, and
their pre-merger operating performance. Testing the U.S. successful
merger and acquisition data for the period of 1990s, this
study finds that in-wave mergers, intra-industry mergers, the
payment of lower premiums, and better pre-merger operating
performance drive the bidders to produce better post-merger
operating performance. Three measures of CEO behavior�the
main predictor scrutinezed in this study�are proposed and
examined, and the results demonstrate that the effects of these
measures on post-merger operating performance are mixed,
suggesting that each of the behavioral measures designed in this
study may capture CEO behavior in different ways. |
| first_indexed | 2024-03-13T19:06:41Z |
| format | Article |
| id | oai:generic.eprints.org:28392 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T19:06:41Z |
| publishDate | 2010 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:283922014-06-18T00:24:17Z https://repository.ugm.ac.id/28392/ WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? Perpustakaan UGM, i-lib Jurnal i-lib UGM This study examines whether bidders� post-merger operating performance are affected by their CEO behavior, premiums paid to the target firms, the period of mergers, the method of payment, the industry of merged firms, capital liquidity, and their pre-merger operating performance. Testing the U.S. successful merger and acquisition data for the period of 1990s, this study finds that in-wave mergers, intra-industry mergers, the payment of lower premiums, and better pre-merger operating performance drive the bidders to produce better post-merger operating performance. Three measures of CEO behavior�the main predictor scrutinezed in this study�are proposed and examined, and the results demonstrate that the effects of these measures on post-merger operating performance are mixed, suggesting that each of the behavioral measures designed in this study may capture CEO behavior in different ways. [Yogyakarta] : Universitas Gadjah Mada 2010 Article NonPeerReviewed Perpustakaan UGM, i-lib (2010) WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? Jurnal i-lib UGM. http://i-lib.ugm.ac.id/jurnal/download.php?dataId=11455 |
| spellingShingle | Jurnal i-lib UGM Perpustakaan UGM, i-lib WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? |
| title | WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? |
| title_full | WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? |
| title_fullStr | WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? |
| title_full_unstemmed | WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? |
| title_short | WHAT DRIVES DAMAGE ON POST-MERGER OPERATING PERFORMANCE? |
| title_sort | what drives damage on post merger operating performance |
| topic | Jurnal i-lib UGM |
| work_keys_str_mv | AT perpustakaanugmilib whatdrivesdamageonpostmergeroperatingperformance |