Corporate Governance and Regulatory Impact on Mergers and Acquisitions

Corporate Governance and Regulatory Impact on Mergers and Acquisitions PDF Author: Greg N. Gregoriou
Publisher: Elsevier
ISBN: 0080549322
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
Corporate Governance and regulatory presssures have been much in the news lately. How they affect the bottom line of corporations has been difficult to quantify, and research is just beginning to be published that addresses this crucial question. This book is the first collection for new research about the impact of takeover regulation and corporate governance on M&A financial results. It will be essential reading to any M&A specialist, an investment banker, a hedge fund manager, a private equity director, or a venture capitalist. Also a must read for financial analysts who follow M&A targets. The book presents research from around the world so it provides a global perspective on this important topic. *The first and only book of research on takeover regulation and corporate governance affecting M&A results*Stands out from all the "How to" books on M&A and M&A disaster books because it provides solid high-quality research on what works and how different decisions affect company and shareholder value*Research provides a guideline for decisionmakers in investment banks, private equity companies, and for financial analysts

Corporate Governance and Regulatory Impact on Mergers and Acquisitions

Corporate Governance and Regulatory Impact on Mergers and Acquisitions PDF Author: Greg N. Gregoriou
Publisher: Elsevier
ISBN: 0080549322
Category : Business & Economics
Languages : en
Pages : 304

Get Book

Book Description
Corporate Governance and regulatory presssures have been much in the news lately. How they affect the bottom line of corporations has been difficult to quantify, and research is just beginning to be published that addresses this crucial question. This book is the first collection for new research about the impact of takeover regulation and corporate governance on M&A financial results. It will be essential reading to any M&A specialist, an investment banker, a hedge fund manager, a private equity director, or a venture capitalist. Also a must read for financial analysts who follow M&A targets. The book presents research from around the world so it provides a global perspective on this important topic. *The first and only book of research on takeover regulation and corporate governance affecting M&A results*Stands out from all the "How to" books on M&A and M&A disaster books because it provides solid high-quality research on what works and how different decisions affect company and shareholder value*Research provides a guideline for decisionmakers in investment banks, private equity companies, and for financial analysts

The Economics of Corporate Governance and Mergers

The Economics of Corporate Governance and Mergers PDF Author: K. Gugler
Publisher: Edward Elgar Publishing
ISBN: 1848443927
Category : Business & Economics
Languages : en
Pages : 373

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Book Description
This book provides an insightful view of major issues in the economics of corporate governance (CG) and mergers. It presents a systematic update on the developments in the two fields during the last decade, as well as highlighting the neglected topics in CG research, such as the role of boards, CG and public interest and the relation of CG to mergers. Two important conclusions can be drawn from this book: the first is that corporate governance systems that better align shareholders and managers interests lead to better corporate performance; second, there is an important relationship between CG structures and the quality of firm decision-making, one of the most important being the decision to merge or take over another firm. Focusing on some of the often-neglected aspects of corporate governance such as non-profit organizations and public interest, as well as mergers and acquisitions from a CG perspective, this book will be a valuable resource for both academics and postgraduate students of finance, business and economics.

International Corporate Governance Spillovers

International Corporate Governance Spillovers PDF Author: Rui Albuquerque
Publisher: International Monetary Fund
ISBN: 1475515138
Category : Business & Economics
Languages : en
Pages : 41

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Book Description
We develop and test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data on cross-border mergers and acquisitions (M&A) and corporate governance in 22 countries, we find that cross-border M&As are associated with subsequent improvements in the governance, valuation, and productivity of the target firms’ local rivals. This positive spillover effect is stronger when the acquirer is from a country with stronger shareholder protection and if the target’s industry is more competitive. We conclude that the international market for corporate control promotes the adoption of better corporate governance practices around the world.

Corporate Acquisitions and Mergers in the United States

Corporate Acquisitions and Mergers in the United States PDF Author: Vijay Sekhon
Publisher: Kluwer Law International B.V.
ISBN: 9403547421
Category : Law
Languages : en
Pages : 294

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Book Description
Derived from Kluwer’s multi-volume Corporate Acquisitions and Mergers, the largest and most detailed database of M&A know-how available anywhere in the world, this work by a highly experienced team from the leading international law firm Sidley Austin LLP Contributors provides a concise, practical analysis of current law and practice relating to mergers and acquisitions of public and private companies in Slovak Republic. The book offers a clear explanation of each step in the acquisition process from the perspectives of both the purchaser and the seller. Key areas covered include: structuring the transaction; due diligence; contractual protection; consideration; and the impact of applicable company, competition, tax, intellectual property, environmental and data protection law on the acquisition process. Corporate Acquisitions and Mergers is an invaluable guide for both legal practitioners and business executives seeking a comprehensive yet practical analysis of mergers and acquisitions in the United States. Equivalent analyses of M&A law and practice in some 50 other jurisdictions, all contributed by leading law firms, are accessible on-line at www.kluwerlawonline.com under Corporate Acquisitions and Mergers.

Research Handbook on Mergers and Acquisitions

Research Handbook on Mergers and Acquisitions PDF Author: Claire A. Hill
Publisher: Edward Elgar Publishing
ISBN: 1784711489
Category : Law
Languages : en
Pages : 496

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Book Description
Global in scope and written by leading scholars in the field, the Research Handbook on Mergers and Acquisitions is a modern-day survey of the state of M&A. Its chapters explore the history of mergers and acquisitions and also consider the theory behind the structure of modern transaction documentation. The book also address other key M&A issues, such as takeover defenses; judges and practitioners' perspectives on litigation; the appraisal remedy and other aspects of Federal and state law, as well as M&A considerations in the structure of start-ups. This Handbook will be an invaluable resource for scholars, practitioners, judges and legislators.

Managing Corporate Governance Issues in M&A

Managing Corporate Governance Issues in M&A PDF Author: Gary S. Schiff
Publisher: Aspatore Books
ISBN: 9780314266972
Category : Consolidation and merger of corporations
Languages : en
Pages : 0

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Book Description
Managing Corporate Governance Issues in M&A provides an authoritative, insiders perspective on key strategies for navigating the current corporate governance climate in mergers and acquisitions. Featuring partners from some of the nations leading law firms, these experts guide the reader through the process of analyzing governance issues in an M&A transaction. These top lawyers offer advice on understanding the legal standards and compliance issues for corporate governance, performing due diligence to resolve concerns, and improving and assimilating governance standards in a merger. From assessing risks involved when acquiring an insolvent firm to understanding the liability issues that arise from poor governance, these authors explain the key issues that affect corporate governance in todays economy. Additionally, these leaders discuss corporate governance issues and regulations in Canada. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great legal minds of today, as these experienced lawyers offer up their thoughts around the keys to success within this ever-evolving field.

The Art of Capital Restructuring

The Art of Capital Restructuring PDF Author: H. Kent Baker
Publisher: John Wiley & Sons
ISBN: 0470569514
Category : Business & Economics
Languages : en
Pages : 612

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Book Description
The most up-to-date guide on making the right capital restructuring moves The Art of Capital Restructuring provides a fresh look at the current state of mergers, acquisitions, and corporate restructuring around the world. The dynamic nature of M&As requires an evolving understanding of the field, and this book considers several different forms of physical restructuring such as divestitures as well as financial restructuring, which refers to alterations in the capital structure of the firm. The Art of Capital Restructuring not only explains the financial aspects of these transactions but also examines legal, regulatory, tax, ethical, social, and behavioral considerations. In addition to this timely information, coverage also includes discussion of basic concepts, motives, strategies, and techniques as well as their application to increasingly complex, real-world situations. Emphasizes best practices that lead to M&A success Contains important and relevant research studies based on recent developments in the field Comprised of contributed chapters from both experienced professionals and academics, offering a variety of perspectives and a rich interplay of ideas Skillfully blending theory with practice, this book will put you in a better position to make the right decisions with regard to capital restructuring in today's dynamic business world.

The Oxford Handbook of Corporate Law and Governance

The Oxford Handbook of Corporate Law and Governance PDF Author: Jeffrey Neil Gordon
Publisher: Oxford University Press
ISBN: 0198743688
Category : Business & Economics
Languages : en
Pages : 1217

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Book Description
Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the Global Financial Crisis. Comprehensively referencing the key debates, the Handbook provides a much-needed framework for understanding the aims and methods of legal research in the field.

Corporate Governance Structure and Mergers

Corporate Governance Structure and Mergers PDF Author: Elijah Brewer
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 28

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Book Description
Few transactions have the potential to generate revelations about the market value of corporate assets and liabilities as mergers and acquisitions (M&A). Corporate governance and control mechanisms such as independent directors, independent blockholders, and managerial share ownership are usually important predictors of the size and distribution of the incremental wealth generated by M&A transactions. The authors add to this literature by investigating these relationships using a sample of banking organization M&A transactions over the period 1990-2004. Unlike research on nonfinancial firms, the impact of independent directors, share ownership of the top five managers, and independent block holders on bank merger purchase premiums in this environment is likely to be measured more consistently because of industry operating standards and regulations. It is also the case that research on banks in this area has not received adequate attention. The authors model controls for risk characteristics of the target banks, the deal characteristics, and the economic environment. Their results are robust. They support the hypothesis that independent directors may provide an important internal governance mechanism for protecting shareholders' interests, especially in large-scale transactions such as mergers and takeovers. The authors also find the results to be consistent with the hypothesis that independent blockholders play an important role in the market for corporate control as does managerial share ownership. But these effects dampen the impact of independent directors on target shareholders' merger prices. Their overall findings would support policies that promote independent outside directors on the board of banking firms in order to provide protection for shareholders and investors at large.

Mergers, Restructuring, and Corporate Control

Mergers, Restructuring, and Corporate Control PDF Author: John Fred Weston
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 808

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Book Description
This book presents recent literature on corporate mergers, acquisitions, takeovers, restructuring, and corporate governance as well as discussions of valuation, cost of capital, and strategic financial planning. This book discusses how M&As fit into a company's long-term strategy and how restructuring can unlock values in a company. It presents strategies designed to increase a firm's value: i.e., joint ventures, ESOPs, LBOs, share repurchases, and international strategies. The book also provides guides on selecting M&As to strengthen a company or increase its value. The second edition of Takeovers, Restructuring and Corporate Governance has been revised to include the latest empirical data and literature. It also now includes 38 important recent case studies: i.e., QVC-Paramount; Boeing-McDonnell Douglas; Ciba-Geigy-Sandoz, Disney-Cap Cities-ABC, and Time Warner-Turner.