How Are Firms Sold

By Audra L. Boone. 2006

532 citations recorded by the source corpus.

Subfields: Accounting, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/17259fdcc00e7f11479e7a6c8fe207e543fb18ab

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In Accounting

In Management Science and Operations Research

Citations in the corpus

Filling institutional voids in emerging economies: The impact of capital market development and business groups on M&A deal abandonment (2016, methodology): “An M&A process consists of two stages (Boone & Mulherin, 2007).”
Financial Statement Comparability and the Efficiency of Acquisition Decisions (2018, background): “Prior literature (e.g., Boone and Mulherin, 2007) classifies any transaction with more than one bidder as an auction while formal auctions involve set rules where bidding takes place over a restricted time period at designated locations.”
Bargaining power and industry dependence in mergers (2012, background): “In particular, prior work has shown that larger managerial ownership increases premiums (Stulz, 1988; Stulz, Walkling, and Song, 1990; Song and Walkling, 1993; Moeller, 2005) and that managers trade premiums for private benefits (Wulf, 2004; Hartzell, Ofek, and Yermack, 2004). Another line of resear”
Learning from Repetitive Acquisitions: Evidence from the Time between Deals (2013, unknown): “Another concern about the computation of the TBDC is the potential presence of a private part in the M&A process, as emphasized by Boone and Mulherin (2007). This issue could be serious, because private negotiations between parties make the announcement date an imperfect measure of the transaction’s”
Anticipation, Acquisitions and Bidder Returns: Industry Shocks and the Transfer of Information Across Rivals (2011, unknown): “Boone and Mulherin (2007) report that 13% of the firms in their sample had multiple public bidders.”
Serial Acquirer Bidding: An Empirical Test of the Learning Hypothesis (2011, background): “Datta et al. (2001) and Boone and Mulherin (2007) report similar magnitudes for samples of 628 takeovers (1993–1998) and 308 takeovers (1989–1999), respectively.”
Do Auctions Induce a Winner's Curse? New Evidence from the Corporate Takeover Market (2008, background): “This private sales process, which ranges from multiple-bidder auctions to one-on-one negotiations with a single bidder, is described by Herzel and Shepro (1990) and Wasserstein (2000), has been formally modeled by Hansen (2001), and has been empirically studied in the context of takeover targets by ”
Gains from Mergers and Acquisitions Around the World: New Evidence (2010, background): “Along these lines, Boone and Mulherin (2007) demonstrate that the number of bidders that publicly compete for a target can be a spurious indicator of the actual competitiveness of the market for corporate control.”
Negotiations Under the Threat of an Auction (2010, unknown): “1 As in Boone and Mulherin (2007) the auction can be either formal or informal.”
The effect of reference point prices on mergers and acquisitions (2012, background): “Boone and Mulherin (2007) show that on the order of half of targets are sold in a competitive auction process that takes place prior to the first public offer; in other words, we often observe the outcome of that process.)”
Learning, Hubris and Corporate Serial Acquisitions (2009, unknown): “Boone and Mulherin (2007) report new and interesting results.”