haku: @journal_id 789 / yhteensä: 95
viite: 34 / 95
| Tekijä: | Boehmer, E. |
| Otsikko: | Business groups, bank control, and large shareholders: an analysis of German takeovers |
| Lehti: | Journal of Financial Intermediation
2000 : APR, VOL. 9:2, p. 117-148 |
| Asiasana: | Banking Corporate governance Mergers Germany |
| Kieli: | eng |
| Tiivistelmä: | The author employs a data set of 715 German takeovers to analyze the consequences of concentrated ownership and bank control for the performance of acquiring firms. First, he finds that takeovers increase bidder value, but majority owners provide no clear benefit. Second, bank control is beneficial only if it is counterbalanced by another large shareholder. Third, the worst takeovers are completed by firms that are majority-controlled by financial institutions. |
SCIMA