International Mergers and Acquisitions Activity Since 1990

International Mergers and Acquisitions Activity Since 1990
Author: Greg N. Gregoriou,Luc Renneboog
Publsiher: Elsevier
Total Pages: 320
Release: 2007-06-29
ISBN: 9780080547329
Category: Business & Economics
Language: EN, FR, DE, ES & NL

International Mergers and Acquisitions Activity Since 1990 Book Excerpt:

It is now a well-know fact that mergers and acquisitions activity comes in waves. The most recent wave, the 5th takeover wave of the 1990s, was characterized by an unprecedented number of corporate restructurings in terms of mergers and acquisitions (M&As), public-to-private transactions, spin-offs and divestitures, and leveraged recapitalizations. Following the collapse of the stock market in March 2000, M&A activity slumped dramatically, but this pause ended in the second half of 2004 when takeover deals occurred again quite frequently. Indeed, some observers wonder whether the 6th takeover wave has started. The takeover wave in the 1990s was particularly remarkable in terms of size and geographical dispersion. For the first time, Continental European firms were as eager to participate as their US and UK counterparts, and M&A activity in Europe hit levels similar to those experienced in the US. Due to its financial impact and the unprecedented activity in Continental Europe, the 5th takeover wave of the 1990s and recent takeover activity (in biotech, utilities, pharmaceuticals) have triggered a great deal of interesting academic research. This volume brings together a selection of insightful papers. An impressive group of international authors address the following themes: takeover regulation; the cyclical pattern of the M&A markets and probable causes and effects; methods to determine the performance of success of M&A actions; cross border deals; means of payment and its effects; studies of hostile bids; high leverage takeovers and delistings. *A selection of the best and latest quantitative research on M&A activity worldwide *Impressive collection of international authors *Provides important insights and implications for practitioners

Cross border Mergers and Acquisitions

Cross border Mergers and Acquisitions
Author: O. Morresi,A. Pezzi
Publsiher: Springer
Total Pages: 238
Release: 2014-11-19
ISBN: 1137357622
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Cross border Mergers and Acquisitions Book Excerpt:

Since their explosion in the mid-1990s, mergers and acquisitions (M&As) have turned into a global phenomenon with growing prevalence. A large number of theoretical and empirical studies focus on cross-border deals from several perspectives, such as motives, strategic issues, and performance. Most books treat these studies as specific characteristics of M&As, paying little attention to the distinctive elements that differentiate them from domestic operations. In short, there is now a real need for a fresh review and categorization of cross-border deals. Cross-Border Mergers and Acquisitions is the first book to provide readers with a complete guide to understanding the main concepts, theories, and results driving cross-border M&As. Morresi and Pezzi present an original framework that ties together the growing body of theoretical and empirical studies on the topic. This work describes the relevance of the phenomenon in terms of its economical, geographical, and historical impact, and analyzes the market- and accounting-based performance of cross-border deals.

Mergers and Acquisitions in Asia

Mergers and Acquisitions in Asia
Author: Roger Y.W. Tang,Ali M. Metwalli
Publsiher: Routledge
Total Pages: 357
Release: 2006-11-22
ISBN: 1135989044
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Mergers and Acquisitions in Asia Book Excerpt:

This book examines recent trends towards mergers and acquisitions in Japan, Greater China and Southeast Asia from 1990 to 2004. Comparisons are made among regions and between countries of particular regions. The economic profiles and investment climates of key countries are discussed and many issues are examined from the perspectives of US-based and UK-based investors because they play significant roles in Mergers and Acquisitions activities in all regions of the world. The practices and management strategies in Asia are also compared with those observed in the United States and the United Kingdom where appropriate.

Location Strategies and Value Creation of International Mergers and Acquisitions

Location Strategies and Value Creation of International Mergers and Acquisitions
Author: Ludivine Chalençon
Publsiher: John Wiley & Sons
Total Pages: 388
Release: 2017-02-08
ISBN: 1119340977
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Location Strategies and Value Creation of International Mergers and Acquisitions Book Excerpt:

This title enriches both areas of research, finance and international management to analyze the choice of location and value creation in mergers and acquisitions. Our research answers the following question: What are the determinants of the location and value creation in mergers and acquisitions?

Acquisitions by Emerging Multinational Corporations

Acquisitions by Emerging Multinational Corporations
Author: Johannes Distler
Publsiher: Springer
Total Pages: 429
Release: 2017-07-27
ISBN: 3658191120
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Acquisitions by Emerging Multinational Corporations Book Excerpt:

This thesis analyzes the motivation and performance of 403 acquisitions made by emerging multinational corporations (EMNCs) in Western Europe and North America between 1994 and 2013. The findings indicate that most EMNCs were motivated to acquire in order to obtain access to the upstream and downstream know-how of their target firms. In addition, the thesis' event study results demonstrate that EMNCs on average generated value for their shareholders with their acquisitions over short periods around acquisition announcement. This result is particularly significant since similar studies on buying firms from developed markets have frequently come to the conclusion that acquirers destroy shareholder value.

Mergers and Acquisitions and Executive Compensation

Mergers and Acquisitions and Executive Compensation
Author: Virginia Bodolica,Martin Spraggon
Publsiher: Routledge
Total Pages: 228
Release: 2015-06-26
ISBN: 1317624319
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Mergers and Acquisitions and Executive Compensation Book Excerpt:

Over the past decades, the total value of executive compensation packages has been rising dramatically, contributing to a wider pay gap between the chief executive officer and the average worker. In the midst of the financial turmoil that brought about a massive wave of corporate failures, the lavish executive compensation package has come under an intense spotlight. Public pressure has mounted to revise the levels and the structure of executive pay in a way that will tie more closely the executive wealth to that of shareholders. Merger and acquisition (M&A) activities represent an opportune setting for gauging whether shareholder value creation or managerial opportunism guides executive compensation. M&As constitute major examples of high-profile events prompted by managers who typically conceive them as a means for achieving higher levels of pay, even though they are frequently associated with disappointing returns to acquiring shareholders. Mergers and Acquisitions and Executive Compensation reviews the existing empirical evidence and provides an integrative framework for the growing body of literature that is situated at the intersection of two highly debated topics: M&A activities and executive compensation. The proposed framework structures the literature along two dimensions, such as M&A phases and firm’s role in a M&A deal, allowing readers to identify three main streams of research and five different conceptualizations of causal relationships between M&A transactions and executive compensation. The book makes a comprehensive review of empirical studies conducted to date, aiming to shed more light on the current and emerging knowledge in this field of investigation, discuss the inconsistencies encountered within each stream of research, and suggest promising directions for further exploration. This book will appeal to researchers and students alike in the fields of organizational behavior and governance as well as accounting and accountability.

Mergers and Acquisitions as the Pillar of Foreign Direct Investment

Mergers and Acquisitions as the Pillar of Foreign Direct Investment
Author: A. Bitzenis,V. A. Vlachos,P. Papadimitriou
Publsiher: Springer
Total Pages: 301
Release: 2012-07-26
ISBN: 1137031557
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Mergers and Acquisitions as the Pillar of Foreign Direct Investment Book Excerpt:

This comprehensive volume tackles all aspects of Mergers and Acquisitions activity - including regional concentration of M&As at a global level, the impact of the economic crisis, and theoretical concepts and practical applications.

The Gravity Model in International Trade

The Gravity Model in International Trade
Author: Peter A. G. van Bergeijk,Steven Brakman
Publsiher: Cambridge University Press
Total Pages: 374
Release: 2010-06-10
ISBN: 1139488287
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Gravity Model in International Trade Book Excerpt:

How do borders affect trade? Are cultural and institutional differences important for trade? Is environmental policy relevant to trade? How does one's income or wage relate to the fact that trade partners are nearby or far away? These are just some of the important questions that can be answered using the gravity model of international trade. This model predicts and explains bilateral trade flows in terms of the economic size and distance between trading partners (e.g. states, regions, countries, trading blocs). In recent years, there has been a surge of interest in this model and it is now one of the most widely applied tools in applied international economics. This book traces the history of the gravity model and takes stock of recent methodological and theoretical advances, including new approximations for multilateral trade resistance, insightful analyses of the measurement of economic distance and analyses of foreign direct investment.

The Views of Japanese Employees on Cross Border M As

The Views of Japanese Employees on Cross Border M As
Author: Kai Oliver Thiele
Publsiher: Springer
Total Pages: 239
Release: 2018-07-02
ISBN: 3658225254
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Views of Japanese Employees on Cross Border M As Book Excerpt:

Kai Oliver Thiele analyses M&As between companies from different cultures, which in general impose unique challenges, but also offer invaluable opportunities for all parties. Since Japan lags expectations regarding the amount of cross-border M&As, it is the more important to understand the drivers of successful cross-border acquisitions coming into the country. However, how the employees’ view on a merger can be successfully managed to leverage the M&As’ success rate remains yet unanswered. By focusing on the employees’ needs, this research seeks to contribute positively to an increase of the cross-border M&As’ success rate.

Development Growth and Finance of Organizations from an Eastern European Context

Development  Growth and Finance of Organizations from an Eastern European Context
Author: Sebastian Vaduva,Ioan S. Fotea,Andrew R. Thomas
Publsiher: Springer
Total Pages: 180
Release: 2017-05-23
ISBN: 3319544543
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Development Growth and Finance of Organizations from an Eastern European Context Book Excerpt:

This book explores challenges and approaches to the development, financial management and growth of Eastern European organizations, both public and private. Including papers derived from the 2015 Griffiths School of Management Annual Conference on Business, Entrepreneurship and Ethics (GSMAC), organized by Emanuel University of Oradea, the authors provide a variety of strategies for growth and development in areas such as IT, medical management, marketing, entrepreneurship and family business. Collectively, these contributions provide a problem-solving framework that tackles such questions as: How are the growth and financial models of organizations changing? How should leadership in organizations adapt in order to ensure sustainable growth? How should educational concepts and methods be improved to help the next generation in the new global business environment? The rapid evolution of technology and innovation has changed the face of the business environment. With new actors in the global marketplace and new means of production, marketing and finance, businesses—particularly those in emerging regions, such as Eastern Europe—are faced with the pressure to rethink their structures and models from within. In this new economic climate, common issues such as corruption, risk, and customer satisfaction need to be examined from a globalized perspective. The goal of the 2015 GSMAC conference and the resulting papers is to help organizations and institutions in Eastern Europe and other developing regions formulate strategies and policies to thrive in this environment and promote sustainable management practices.

Mergers Acquisitions and Other Restructuring Activities

Mergers  Acquisitions  and Other Restructuring Activities
Author: Donald Depamphilis
Publsiher: Academic Press
Total Pages: 782
Release: 2015-09-07
ISBN: 9780128013908
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Mergers Acquisitions and Other Restructuring Activities Book Excerpt:

Mergers, Acquisitions, and Other Restructuring Activities is unique in that it is the most current, comprehensive, and cutting-edge text on M&A and corporate restructuring available. It is current in that it includes many of the most up-to-date and notable deals (e.g., Facebook's takeover of WhatsApp, the Dell privatization, and Verizon's mega buyout of Vodafone's share of Verizon Wireless), precedent setting judicial decisions (e.g., efforts to overturn defenses at Airgas and Sotheby's), new regulations (e.g., expediting backend mergers), trends (e.g., increasing role of activist investors in takeovers), and new tactics (e.g., two-tiered poison pill) employed in M&As. Most integrative case studies are new for this edition and involve transactions that have been announced or completed since 2013. It is comprehensive in that nearly all aspects of M&As and corporate restructuring are explored. It is cutting edge in that conclusions and insights are anchored by the most recent academic research, with references to more than 200 empirical studies published in leading peer-reviewed journals just since 2012. And the substantially updated content is illustrated with numerous practical exhibits, case studies involving diverse transactions, easy-to-understand numerical examples, and hundreds of discussion questions and practice exercises. The highlights of the new edition are listed here: · New Chapters: Two new chapters: Chapter 9 and 14. Chapter 9 discusses the basics of applying financial modeling methods to firm valuation and assists the reader in understanding the power (and limitations) of models in analyzing real world situation. Chapter 14 illustrates how complex financial models often are used to support the deal structuring process during M&A negotiations. · New Cases: Ninety percent of the nearly forty case studies are new and involve transactions announced or completed during the last three years. These cases represent friendly, hostile, highly leveraged, and cross-border deals in ten different industries, involving public and private firms as well as firms experiencing financial distress. All end of chapter case studies begin with a "Key Objectives" section indicating what the student should learn from the case study and include discussion questions and solutions available in the online instructors' manual. · Latest Research: This edition focuses on the most recent and relevant academic studies, some of which contain surprising insights changing the way we view this subject matter. Recent research has significant implications for academicians, students, M&A practitioners, and government policy makers shedding new light on current developments and trends in the ever-changing mergers and acquisitions market. The market for corporate control and corporate restructuring strategies are constantly changing, reflecting the ongoing globalization of both product and capital markets, accelerating technological change, escalating industry consolidation, changing regulatory practices, and intensifying cross-border competition. While continuing to be relevant, empirical research covering the dynamics of the M&A markets of the 1970s, 1980s, and 1990s may be less germane in explaining current undercurrents and future trends. Includes two new chapters. Chapter 9 discusses the basics of applying financial modeling methods to firm valuation and assists the reader in understanding the power (and limitations) of models in analyzing real world situation. Chapter 14 illustrates how complex financial models often are used to support the deal structuring process during M&A negotiations. Teaches about the financial, legal, accounting, and strategic elements of mergers and acquisitions by concentrating on the ways their agents interact. Highlights international mergers & acquisitions activities. Focuses on the most recent and relevant academic studies, some of which contain surprising insights changing the way we view this subject matter. While continuing to be relevant, empirical research covering the dynamics of the M&A markets of the 1970s, 1980s, and 1990s may be less germane in explaining current undercurrents and future trends. Features practical exhibits, case studies involving a diverse range of transactions, easy-to-understand numerical examples, and hundreds of discussion questions and practical exercises.

The International Handbook of Competition

The International Handbook of Competition
Author: Manfred Neumann,Jürgen Weigand
Publsiher: Edward Elgar Publishing
Total Pages: 415
Release: 2013-01-01
ISBN: 1849806063
Category: Law
Language: EN, FR, DE, ES & NL

The International Handbook of Competition Book Excerpt:

ÔThis comprehensive Handbook demonstrates that academic thinking, new and old, has a role to play in shaping modern competition policy.Õ Ð Gunnar Niels, Oxera This indispensable Handbook examines the interface of competition policy, competition law and industrial economics. The book aims to further our understanding of how economic reasoning and legal expertise complement each other in defining the fundamental issues and principles in competition policy. In specially commissioned chapters the book provides a scholarly review of economic theory, empirical evidence and standards of legal evaluation with respect to monopolization of markets, exploitation of market power and mergers, among other issues. The International Handbook of Competition Ð Second Edition will be accessible to a wide audience including students of economics and law, public administrators, lawyers, consultants, and business executives.

Strategic Deals in Emerging Capital Markets

Strategic Deals in Emerging Capital Markets
Author: Irina Ivashkovskaya,Svetlana Grigorieva,Eugene Nivorozhkin
Publsiher: Springer Nature
Total Pages: 273
Release: 2019-12-09
ISBN: 3030238504
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Strategic Deals in Emerging Capital Markets Book Excerpt:

The industrial development of emerging markets has been a powerful driver for mergers and acquisitions. The contributions collected in this book assess major M&A deals in the largest emerging capital markets (Brazil, Russia, India, China) and their role in shareholder value creation in the markets’ specific business environments. In addition, the book explores various dimensions of M&A deals in order to summarize the main trends in corporate control markets in the largest emerging countries, and how they differ from those in developed countries; to identify deal-performance relationships and the determinants of success or failure; to reveal the drivers for the premium in M&A deals; and to capture market responses to different M&A strategies. By doing so, the book makes a significant contribution to the literature, which has to date largely focused on developed markets.

Mergers and Acquisitions An Empirical Study of Selected Indian Companies

Mergers and Acquisitions An Empirical Study of Selected Indian Companies
Author: Dr Leesa Mohanty
Publsiher: Archers & Elevators Publishing House
Total Pages: 135
Release: 2022
ISBN: 938650149X
Category: Antiques & Collectibles
Language: EN, FR, DE, ES & NL

Mergers and Acquisitions An Empirical Study of Selected Indian Companies Book Excerpt:

Cross Border Acquisitions and Shareholder Wealth Evidence from Spain

Cross Border Acquisitions and Shareholder Wealth   Evidence from Spain
Author: Martin Renze-Westendorf
Publsiher: diplom.de
Total Pages: 102
Release: 2006-08-04
ISBN: 3832497420
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Cross Border Acquisitions and Shareholder Wealth Evidence from Spain Book Excerpt:

Inhaltsangabe:Abstract: Over the last decade product and factor markets have continued to become more integrated, new markets have emerged and the globalization has become an important strategic issue for companies. As a result, international investment opportunities have in-creased while regulatory restrictions on capital markets have been eased and the market for corporate control has become more integrated. Consequently, the international acquisition activity has increased in both absolute and relative terms over the last decades leading to a significant rise of the proportion of international to domestic merger activity, particularly at the end of the 1990s. As more and more companies consider international diversification as a strategic option for their further growth, the question arises which valuation consequences accompany cross-border acquisitions. Furthermore, it is to be analyzed whether these consequences differ systematically from domestic acquisitions and what could be possible value drivers in these cases. Although mergers and acquisitions in general have received wide attention in academic research, studies concerning the wealth effects of cross-border acquisitions are limited. Moreover, existing empirical evidence primarily stems from the US and UK capital markets neglecting generally the European perspective. Spain, Europe s fifth largest economy, has seen a series of considerable cross-border acquisitions in the last decade culminating in the merger of Santander with Abbey National in 2004 for over USD 15bn, making it the tenth largest transaction worldwide in 2004.3 The Spanish M&A market boom of the 1990s was initially driven by a consolidation process in the financial services, utilities and telecoms sectors which mostly were formerly state-owned. As a consequence of the increasing market concentration Spanish companies expanded internationally, creating some of the biggest corporations world-wide and becoming South America s largest foreign investor. These recent developments and the high acquisition activity from Spain into other countries make it worthwhile to shed light on the valuation consequences and their possible explanations by an empirical analysis. Considering the aforementioned, it is the aim of this thesis to answer the question as to whether the foreign acquisition wave of the last decade in Spain really created value and therewith supports the strategic decisions of the management. The analysis should [...]

The Importance of New Technologies and Entrepreneurship in Business Development In The Context of Economic Diversity in Developing Countries

The Importance of New Technologies and Entrepreneurship in Business Development  In The Context of Economic Diversity in Developing Countries
Author: Bahaaeddin Alareeni,Allam Hamdan,Islam Elgedawy
Publsiher: Springer Nature
Total Pages: 2139
Release: 2021-03-12
ISBN: 3030692213
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

The Importance of New Technologies and Entrepreneurship in Business Development In The Context of Economic Diversity in Developing Countries Book Excerpt:

This book introduces the students, researchers and practitioners into the subject and enabling technologies and applications pertaining to of technology, entrepreneurship and business development through research articles, case studies etc. It is primarily intended for academic purposes for learners of computer Science, management, accounting and information systems disciplines, economics,- entrepreneurship. Publishing chapters in the book is new innovative idea to spread the book in the Middle East and Arab countries and make the book achieve more sales. As many students in all levels, graduates and undergraduates in addition to research, professionals are not able to get sufficient resources because of the language concern.

The Handbook of Mergers and Acquisitions

The Handbook of Mergers and Acquisitions
Author: David Faulkner,Satu Teerikangas,Richard J. Joseph
Publsiher: OUP Oxford
Total Pages: 774
Release: 2012-06-07
ISBN: 0191628042
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Handbook of Mergers and Acquisitions Book Excerpt:

With its inception at the end of the nineteenth century as a means of consolidation and reorganization, mergers and acquisitions (M&A) have since become quasi-institutionalized as one of the primary strategic options for organizations, as they seek to secure their position in an ever more competitive and globalizing market place. Despite the optimism surrounding M&A as strategic moves, research on post-merger company performance suggests that most firms engaging in M&A activity do not achieve the sought-after performance targets, either immediately or in the years following the deal. What is it that drives M&A activity when research results do not support the performance expectations of these undertakings? Alternatively, have M&A scholars got it all wrong in the way that M&A performance is measured? Is the topic too complex, enduring, and multifaceted to study? The Handbook argues that the field of M&A is in need of a re-rooting: past research needs to be critically reviewed, and fundamental assumptions revisited. A key issue preventing efforts in the practice and study of M&A from achieving dynamic syntheses has been the disciplinary gulf separating strategy, finance, and human relations schools. The Handbook aims to bridge the hitherto separate disciplines engaged in the study and practice of M&A to provide more meaningful results. Toward this end, the Handbook brings together a set of prominent and emerging scholars and practitioners engaged in the study of M&A to provide thought-provoking, state of the art overviews of M&A through four specific 'lenses' - strategic, financial, socio-cultural, and sectorial approaches. By summarizing key findings in current research and exploring ways in which the differing approaches could and should be 'synthesized', it aims to highlight the key issues facing M&A practitioners and academics at the dawn of the third millennium.

Corporate Governance

Corporate Governance
Author: H. Kent Baker,Ronald Anderson
Publsiher: John Wiley & Sons
Total Pages: 690
Release: 2010-08-20
ISBN: 9780470877951
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Corporate Governance Book Excerpt:

A detailed look at the importance of corporate governance in today's business world The importance of corporate governance became dramatically clear at the beginning of the twenty-first century as a series of corporate meltdowns from managerial fraud, misconduct, and negligence caused a massive loss of shareholder wealth. As part of the Robert W. Kolb Series in Finance, this book provides a comprehensive view of the shareholder-manager relationship and examines the current state of governance mechanisms in mitigating the principal-agent conflict. This book also offers informed suggestions and predictions about the future direction of corporate governance. Relies on recent research findings to provide guidance through the maze of theories and concepts Uses a structured approach to put corporate governance in perspective Addresses essential issues related to corporate governance including the idea of principal-agent conflict, role of the board of directors, executive compensation, corporate monitoring, proxy contests and corporate takeovers, and regulatory intervention Corporate governance is an essential part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

International Mergers and Acquisitions Activity Since 1990

International Mergers and Acquisitions Activity Since 1990
Author: Greg N. Gregoriou,Luc Renneboog
Publsiher: Academic Press
Total Pages: 304
Release: 2007-05-25
ISBN: 1928374650XXX
Category: Business & Economics
Language: EN, FR, DE, ES & NL

International Mergers and Acquisitions Activity Since 1990 Book Excerpt:

1 Understanding mergers and acquisitions Activity Since 1990, G. Gregoriou and L. Renneboog; Part 1. International M & A activity and takeover performance: 2 Cross-border mergers and acquisitions: The facts as a guide for international economics, S. Brakman, H. Garretsen, C. van Marrewijk; 3 Searching for value enhancing acquirers, M. Lionakis and C. Pang; 4 Long-term operating performance in European mergers and acquisitions, M. Martynova, S. Oosting, and L Renneboog; 5 Bondholder wealth effects in mergers and acquisitions, L. Renneboog and P. Szilagyi; 6 Mix and Match facilities and loan notes in acquisitions, M. Goergen and J. Frecknall-Hughes;Part 2 Special types of mergers and acquisitions: 7 Mergers and acquisitions in IPO markets: Evidence from Germany, D. Audretsch and E. Lehmann; 8 Reverse mergers in the UK: Listed targets and private acquirers, P. Roosenboom and W. Schramade; 9 The profile of venture capital exits in Canada, D. Cumming and S. Johan; Part 3 Valuation and irrationality in takeover decision making: 10 Executive compensation and managerial overconfidence: Impact on risk taking and shareholder value in corporate acquisitions, S. Sudarsanam and J. Huang; 11 Opportunistic accounting practices around stock financed mergers in Spain, M. Pastor-Llorca and F. Poveda-Fuentes; 12 Size Does Matter - Firm Size and the Gains from Acquisitions on the Dutch Market, R. Kräussl and M. Topper

Corporate Finance

Corporate Finance
Author: Pierre Vernimmen,Pascal Quiry,Maurizio Dallocchio,Yann Le Fur,Antonio Salvi
Publsiher: John Wiley & Sons
Total Pages: 1010
Release: 2017-12-11
ISBN: 1119424488
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Corporate Finance Book Excerpt:

The essential corporate finance text, updated with new data Corporate Finance has long been a favourite among both students and professionals in the field for its unique blend of theory and practice with a truly global perspective. The fact that the authors are well-known academics and professionals in the world of mergers and acquisitions (M&A) and investment explains this popularity. This new Fifth Edition continues the tradition, offering a comprehensive tour of the field through scenario-based instruction that places concept and application in parallel. A new chapter has been added, devoted to the financial management of operating buildings that aims to answer questions such as, “to own or to rent?” “variable or fixed rents?” etc. The book’s companion website features regularly updated statistics, graphs and charts, along with study aids including quizzes, case studies, articles, lecture notes and computer models, reflecting the author team’s deep commitment to facilitating well-rounded knowledge of corporate finance topics. In addition, a monthly free newsletter keeps the readers updated on the latest developments in corporate finance as well as the book’s Facebook page, which publishes a post daily. Financial concepts can be quite complex, but a familiar setting eases understanding while immediate application promotes retention over simple memorisation. As comprehensive, relevant skills are the goal, this book blends academic and industry perspective with the latest regulatory and practical developments to provide a complete corporate finance education with real-world applicability. Blend theory and practice to gain a more relevant understanding of corporate finance concepts Explore the field from a truly European perspective for a more global knowledge base Learn essential concepts, tools and techniques by delving into real-world applications Access up-to-date data, plus quizzes, case studies, lecture notes and more A good financial manager must be able to analyse a company’s economic, financial and strategic situation, and then value it, all while mastering the conceptual underpinnings of all decisions involved. By emphasising the ways in which concepts impact and relate to real-world situations, Corporate Finance provides exceptional preparation for working productively and effectively in the field.