search query: @author Martin, K. / total: 10
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| Author: | Martin, K. |
| Title: | The method of payment in corporate acquisitions, investment opportunities, and management ownership |
| Journal: | Journal of Finance
1996 : SEP, VOL. 51:4, p. 1227-1246 |
| Index terms: | FINANCE MANAGEMENT MERGERS |
| Language: | eng |
| Abstract: | This article examines the motives underlying the payment method in corporate acquisitions. The findings support the notion that the higher the acquirer's growth opportunities, the more likely the acquirer is to use stock to finance an acquisition. Acquirer managerial ownership is not related to the probability of stock financing over small and large ranges of ownership, but is negatively related over a middle range. In addition, the likelihood of stock financing increases with higher preacquisition market and acquiring firm stock returns. |
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