Do Shareholders of Acquiring Firms Gain from Acquisitions?

By Sara B. Moeller, Frederik Schlingemann, René M. Stulz. 2003

159 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/15d4af46a3b6dbe3d8373f4ac1a4ddcd358454a3

Citations in the corpus

• The effect of target-firm accounting quality on valuation in acquisitions (2014, unknown): “…quality is also positively (but not significantly at the 21 We include all acquisitions of at least $1 million when analyzing target returns, but following Moeller et al. (2003), we require acquisitions of at least 10 % of the acquirer’s pre-acquisition market value when analyzing acquirer returns.”
• Foreign acquisitions by UK limited companies: short- and long-run performance (2005, unknown): “5 Moeller et al. (2003) have recently explored the issue of short and long-run returns using a sample consisting of US firms involved in domestic acquisitions.”
• CEO compensation and incentives: Evidence from M&A bonuses (2004, unknown): “More recently, Moeller et al. (2003) report substantial negative announcement returns and substantial losses to large acquiring firms, especially for acquisitions occurring after 1997.”
• Asset Growth and the Cross-Section of Stock Returns (2008, unknown): “See also Cochrane (1996), Lamont (2000), Moeller, Schlingemann, and Stulz (2004), Fama and French (2006), and Polk and Sapienza (2008).”
• Do Tender Offers Create Value? New Methods and Evidence (2005, unknown): “…two post-1997 sub-periods (-$248.6 million and -$25.3 million, respectively), apparently due to big losses among bidders that were relatively large (Moeller, Schlingemann, and Stulz, 2003a, 2003b find even larger losses to large bidders in their mergers and tender offers sample during 1998-2001.”
• M&As Performance in the European Financial Industry (2006, unknown): “In contrast to the results reported in Moeller et al. (2003) for the U.”
• Handbook of Financial Engineering (2011, unknown): “and since γθ > 1 and (u+ v) > 0 at (u∗, v∗) from (89), the minimum point is established.”