Identification of Greek Takeover Targets and Coherent Policy Implications
Author
Abstract
Suggested Citation
DOI: 10.1111/j.1467-9361.2008.00436.x
Download full text from publisher
References listed on IDEAS
- Tremblay, Victor J & Tremblay, Carol Horton, 1988. "The Determinants of Horizontal Acquisitions: Evidence from the U.S. Brewing Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 37(1), pages 21-45, September.
- Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(2), pages 110-110.
- Ronan G. Powell, 1997.
"Modelling Takeover Likelihood,"
Journal of Business Finance & Accounting,
Wiley Blackwell, vol. 24(7‐8), pages 1009-1030, September.
- Ronan G. Powell, 1997. "Modelling Takeover Likelihood," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 24(7&8), pages 1009-1030.
- Markides, Constantinos & Singh, Harbir, 1997. "Corporate restructuring: A symptom of poor governance or a solution to past managerial mistakes?," European Management Journal, Elsevier, vol. 15(3), pages 213-219, June.
- Levine, Paul & Aaronovitch, Sam, 1981. "The Financial Characteristics of Firms and Theories of Merger Activity," Journal of Industrial Economics, Wiley Blackwell, vol. 30(2), pages 149-172, December.
- Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
- Leuz, Christian & Nanda, Dhananjay & Wysocki, Peter D., 2003. "Earnings management and investor protection: an international comparison," Journal of Financial Economics, Elsevier, vol. 69(3), pages 505-527, September.
- Hasbrouck, Joel, 1985. "The characteristics of takeover targets and other measures," Journal of Banking & Finance, Elsevier, vol. 9(3), pages 351-362, September.
- Thompson, Steve, 1997. "Takeover activity among financial mutuals: An analysis of target characteristics," Journal of Banking & Finance, Elsevier, vol. 21(1), pages 37-53, January.
- Michael Gort, 1969. "An Economic Disturbance Theory of Mergers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(4), pages 624-642.
- K. J. Arrow, 1971.
"The Economic Implications of Learning by Doing,"
Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149,
Palgrave Macmillan.
- Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(3), pages 155-173.
- Espahbodi, Hassan & Espahbodi, Pouran, 2003. "Binary choice models and corporate takeover," Journal of Banking & Finance, Elsevier, vol. 27(4), pages 549-574, April.
- Dietrich, J. Kimball & Sorensen, Eric, 1984. "An application of logit analysis to prediction of merger targets," Journal of Business Research, Elsevier, vol. 12(3), pages 393-402, September.
- Schwartz, Steven, 1982. "Factors Affecting the Probability of Being Acquired: Evidence for the United States," Economic Journal, Royal Economic Society, vol. 92(366), pages 391-398, June.
- Dickerson, Andrew P. & Gibson, Heather D. & Tsakalotos, Euclid, 2002.
"Takeover risk and the market for corporate control: the experience of British firms in the 1970s and 1980s,"
International Journal of Industrial Organization, Elsevier, vol. 20(8), pages 1167-1195, October.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1998. "Takeover Risk and the Market for Corporate Control: The Experience of British Firms in the 1970s and 1980s," Studies in Economics 9803, School of Economics, University of Kent.
- Shleifer, Andrei & Vishny, Robert W, 1988. "Value Maximization and the Acquisition Process," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 7-20, Winter.
- Barnes, Paul, 2000. "The identification of U.K. takeover targets using published historical cost accounting data Some empirical evidence comparing logit with linear discriminant analysis and raw financial ratios with indu," International Review of Financial Analysis, Elsevier, vol. 9(2), pages 147-162.
- Robert H. McGuckin & Sang V. Nguyen, 1995. "On Productivity and Plant Ownership Change: New Evidence from the Longitudinal Research Database," RAND Journal of Economics, The RAND Corporation, vol. 26(2), pages 257-276, Summer.
- Henry G. Manne, 1965. "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73(4), pages 351-351.
- R. A. Chatterjee, 2000. "The financial performance of companies acquiring very large takeover targets," Applied Financial Economics, Taylor & Francis Journals, vol. 10(2), pages 185-191.
- Matsusaka, John G, 1993. "Target Profits and Managerial Discipline during the Conglomerate Merger Wave," Journal of Industrial Economics, Wiley Blackwell, vol. 41(2), pages 179-189, June.
- Cudd, Mike & Duggal, Rakesh, 2000. "Industry Distributional Characteristics of Financial Ratios: An Acquisition Theory Application," The Financial Review, Eastern Finance Association, vol. 35(1), pages 105-120, February.
- Nuria Alcalde & Manuel Espitia, 2003. "The Characteristics of Takeover Targets: The Spanish Experience 1991–1997," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 7(1), pages 1-26, March.
- Stevens, Donald L., 1973. "Financial Characteristics of Merged Firms: A Multivariate Analysis," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 8(2), pages 149-158, March.
- Ambrose, Brent W. & Megginson, William L., 1992. "The Role of Asset Structure, Ownership Structure, and Takeover Defenses in Determining Acquisition Likelihood," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 27(4), pages 575-589, December.
- Palepu, Krishna G., 1986. "Predicting takeover targets : A methodological and empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 8(1), pages 3-35, March.
- Jensen, Michael C, 1988. "Takeovers: Their Causes and Consequences," Journal of Economic Perspectives, American Economic Association, vol. 2(1), pages 21-48, Winter.
- Barnes, Paul, 1999. "Predicting UK Takeover Targets: Some Methodological Issues and an Empirical Study," Review of Quantitative Finance and Accounting, Springer, vol. 12(3), pages 283-301, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Nobuyoshi Yamori & Kozo Harimaya, 2024. "Effects of consolidation of cooperative financial institutions in Japan: Evidence from meta‐frontier analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 867-886, January.
- Ioannis Asimakopoulos & Dionysis Lalountas & Costas Siriopoulos, 2008. "The determinants for the survival of firms in the Athens Exchange," Economic Bulletin, Bank of Greece, issue 31, pages 07-30, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Athanasios Tsagkanos & Evangelos Koumanakos & Antonios Georgopoulos & Costas Siriopoulos, 2012. "Prediction of Greek takeover targets via bootstrapping on mixed logit model," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 11(3), pages 315-334, August.
- Hicham Meghouar, 2024. "Takeover in Europe: Target characteristics and acquisition likelihood," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(7), pages 2588-2606, November.
- Dickerson, Andrew P. & Gibson, Heather D. & Tsakalotos, Euclid, 2002.
"Takeover risk and the market for corporate control: the experience of British firms in the 1970s and 1980s,"
International Journal of Industrial Organization, Elsevier, vol. 20(8), pages 1167-1195, October.
- Andrew P. Dickerson & Heather D. Gibson & Euclid Tsakalotos, 1998. "Takeover Risk and the Market for Corporate Control: The Experience of British Firms in the 1970s and 1980s," Studies in Economics 9803, School of Economics, University of Kent.
- Pasiouras, Fotios & Tanna, Sailesh & Zopounidis, Constantin, 2007. "The identification of acquisition targets in the EU banking industry: An application of multicriteria approaches," International Review of Financial Analysis, Elsevier, vol. 16(3), pages 262-281.
- Gurvinder Brar & Daniel Giamouridis & Manolis Liodakis, 2009. "Predicting European Takeover Targets," European Financial Management, European Financial Management Association, vol. 15(2), pages 430-450, March.
- Abe De Jong & Philip T. Fliers, 2020. "Predicting Takeover Targets: Long-Run Evidence from the Netherlands," De Economist, Springer, vol. 168(3), pages 343-368, September.
- Martynova, M., 2006. "The market for corporate control and corporate governance regulation in Europe," Other publications TiSEM 8651e281-4914-41f2-ac14-1, Tilburg University, School of Economics and Management.
- Katsafados, Apostolos G. & Leledakis, George N. & Pyrgiotakis, Emmanouil G. & Androutsopoulos, Ion & Fergadiotis, Manos, 2024.
"Machine learning in bank merger prediction: A text-based approach,"
European Journal of Operational Research, Elsevier, vol. 312(2), pages 783-797.
- Katsafados, Apostolos G. & Leledakis, George N. & Pyrgiotakis, Emmanouil G. & Androutsopoulos, Ion & Fergadiotis, Manos, 2021. "Machine Learning in U.S. Bank Merger Prediction: A Text-Based Approach," MPRA Paper 108272, University Library of Munich, Germany.
- Nuria Alcalde Fradejas & Manuel Espitia Escuer & Jaime Vallés Giménez, "undated". "El mercado para el control de empresas en Espana. Identificación de las empresas objetivo de OPA," Studies on the Spanish Economy 159, FEDEA.
- Tunyi, Abongeh A. & Ntim, Collins G. & Danbolt, Jo, 2019. "Decoupling management inefficiency: Myopia, hyperopia and takeover likelihood," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 1-20.
- Erik Lehmann & Thorsten Braun & Sebastian Krispin, 2012.
"Entrepreneurial human capital, complementary assets, and takeover probability,"
The Journal of Technology Transfer, Springer, vol. 37(5), pages 589-608, October.
- Thorsten V. Braun & Sebastian Krispin & Erik E. Lehmann, 2009. "Entrepreneurial Human Capital, Complementary Assets, and Takeover Probability," Discussion Paper Series 307, Universitaet Augsburg, Institute for Economics.
- Braun, Thorsten V. & Krispin, Sebastian & Lehmann, Erik E., 2010. "Entrepreneurial human capital, complementary assets, and takeover probability," UO Working Papers 03-10, University of Augsburg, Chair of Management and Organization.
- Sarah Osborne & Dean Katselas & Larelle Chapple, 2012. "The preferences of private equity investors in selecting target acquisitions: An international investigation," Australian Journal of Management, Australian School of Business, vol. 37(3), pages 361-389, December.
- Martynova, M. & Renneboog, L.D.R., 2005.
"Takeover Waves : Triggers, Performance and Motives,"
Discussion Paper
2005-029, Tilburg University, Tilburg Law and Economic Center.
- Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Other publications TiSEM ed134639-33ef-4720-9935-e, Tilburg University, School of Economics and Management.
- Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Other publications TiSEM 9fcfd273-882a-4b89-9c65-6, Tilburg University, School of Economics and Management.
- Martynova, M. & Renneboog, L.D.R., 2005. "Takeover Waves : Triggers, Performance and Motives," Discussion Paper 2005-107, Tilburg University, Center for Economic Research.
- Jyrki Ali-Yrkko & Ari Hyytinen & Mika Pajarinen, 2005.
"Does patenting increase the probability of being acquired? Evidence from cross-border and domestic acquisitions,"
Applied Financial Economics, Taylor & Francis Journals, vol. 15(14), pages 1007-1017.
- Ali-Yrkkö, Jyrki & Hyytinen, Ari & Pajarinen, Mika, 2004. "Does Patenting Increase the Probability of Being Acquired? Evidence from Cross-border and Domestic Acquisitions," Discussion Papers 891, The Research Institute of the Finnish Economy.
- Ronan G. Powell, 2004. "Takeover Prediction Models and Portfolio Strategies: A Multinomial Approach," Multinational Finance Journal, Multinational Finance Journal, vol. 8(1-2), pages 35-72, March-Jun.
- Kevin Hon Sheng Yap & Seow Eng Ong & Wee Yong Yeo, 2018. "Demystifying the Management Structure Puzzle: an Empirical Investigation into the Drivers of REIT Internalization," The Journal of Real Estate Finance and Economics, Springer, vol. 57(3), pages 367-399, October.
- Pasiouras, Fotios & Gaganis, Chrysovalantis & Zopounidis, Constantin, 2010. "Multicriteria classification models for the identification of targets and acquirers in the Asian banking sector," European Journal of Operational Research, Elsevier, vol. 204(2), pages 328-335, July.
- Emery A. Trahan & Hany A. Shawky, 1992. "Financial Characteristics Of Acquiring Firms: An Industry Specific Approach," Review of Financial Economics, John Wiley & Sons, vol. 1(2), pages 81-94, March.
- Stewart Jones & David A. Hensher, 2007. "Evaluating the Behavioural Performance of Alternative Logit Models: An Application to Corporate Takeovers Research," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(7‐8), pages 1193-1220, September.
- Owen, Sian & Yawson, Alfred, 2010. "Corporate life cycle and M&A activity," Journal of Banking & Finance, Elsevier, vol. 34(2), pages 427-440, February.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:rdevec:v:12:y:2008:i:1:p:180-192. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.