Journal article
Factors Influencing Wealth Creation from Mergers and Acquisitions: A Meta- Analysis
Strategic management journal, v 13(1), pp 67-84
01 Jan 1992
Abstract
This study analyzes the empirical literature concerning the influence of various factors on shareholder wealth creation in mergers and acquisitions using a multivariate framework. Overall, results indicate that while the target firm's shareholders gain significantly from mergers and acquisitions, those of the bidding firm do not. Findings also indicate that the use of stock financing has a significant impact on the wealth of both the target and bidding firms' shareholders. The presence of multiple bidders and the type of acquisition influence the bidders' return, while regulatory changes and tender offers influence the targets' returns. The paper also provides a comparison of our findings with that of previous narrative reviews and discusses their implications from the viewpoint of managers and researchers.
Metrics
Details
- Title
- Factors Influencing Wealth Creation from Mergers and Acquisitions: A Meta- Analysis
- Creators
- Deepak K. Datta - University of KansasGeorge E. Pinches - University of KansasV. K. Narayanan - Rutgers, The State University of New Jersey
- Publication Details
- Strategic management journal, v 13(1), pp 67-84
- Publisher
- John Wiley and Sons
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Management
- Web of Science ID
- WOS:A1992GZ13300005
- Scopus ID
- 2-s2.0-84989036202
- Other Identifier
- 991021882958104721
InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Business
- Management