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© 1999

Performance of Corporate Acquisitions over the Medium Term in Germany

  • Authors
Textbook

Table of contents

  1. Front Matter
    Pages i-xxiii
  2. K. Randolf Scheller
    Pages 1-7
  3. K. Randolf Scheller
    Pages 27-36
  4. K. Randolf Scheller
    Pages 37-89
  5. K. Randolf Scheller
    Pages 91-102
  6. K. Randolf Scheller
    Pages 103-128
  7. K. Randolf Scheller
    Pages 129-146
  8. K. Randolf Scheller
    Pages 147-170
  9. K. Randolf Scheller
    Pages 171-182
  10. Back Matter
    Pages 183-316

About this book

Introduction

Does the performance of target industrial firms whose shares have been taken over in their majority by another industrial firm come up to expectations? K. Randolf Scheller evaluates the excess stock returns not only during an announcement period, but over a longer term period of up to five years. The author rejects the shareholder-value-maximizing hypothesis over longer term periods in this kind of transactions because the results of his study show significant negative abnormal returns. With a narrow majority the acquiring firm is not able to exercise sufficient control over the management of the target firm and its business policies in order to improve the performance of its investment.

Keywords

Akquisition Corporate Governance Fusion Globalisierung Merger and Acquisition Mergers & Acquisitions Statistik Takeover Ökomomie

About the authors

Dr. K. Randolf Scheller studierte an der Wharton School (BS Economics) in Philadelphia und an der University of Chicago (MBA). Er promovierte am Lehrstuhl für Internationale Unternehmensfinanzierung von Prof. Dr. Gunter Dufey an der Wissenschaftlichen Hochschule für Unternehmensführung (WHU) in Koblenz. Er ist heute als Investment-Banker bei der Oertel-Scheller GmbH München/Hamburg tätig und unter www.oertel-scheller.de zu erreichen.

Bibliographic information

  • Book Title Performance of Corporate Acquisitions over the Medium Term in Germany
  • DOI https://doi.org/10.1007/978-3-663-08842-4
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 1999
  • Publisher Name Deutscher Universitätsverlag, Wiesbaden
  • eBook Packages Springer Book Archive
  • Softcover ISBN 978-3-8244-6921-5
  • eBook ISBN 978-3-663-08842-4
  • Edition Number 1
  • Number of Pages XXIII, 316
  • Number of Illustrations 1 b/w illustrations, 0 illustrations in colour
  • Topics Business and Management, general
  • Buy this book on publisher's site
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