Valuation effects of bank financing in acquisitions

By Anu Bharadwaj, A. Shivdasani. 2003

137 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1894b026e8368c62f769434d6549a2ad6c9c5500

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Citations in the corpus

Deviation from the Target Capital Structure and Acquisition Choices (2011, unknown): “Among others, Yook (2003) and Bharadwaj and Shivdasani (2003) show that most cash deals are financed with debt.”
Failure and success in mergers and acquisitions (2019, unknown): “Bharadwaj and Shivdasani (2003) suggest that bank debt signals certification of the transaction and monitoring of the acquiring firm, because they find that deals entirely financed by banks achieve strongly positive announcement returns, especially when acquirers are performing poorly or are subject”
Bond market access and investment (2014, background): “As most cash deals are financed with debt (Bharadwaj and Shivdasani, 2003; Harford et al., 2009), these findings provide preliminary evidence on the importance of access to debt markets in financing acquisitions.”
Shared Auditors in Mergers and Acquisitions (2016, unknown): “For example, Louis (2005) finds that when acquirers contract with smaller auditors, their stock returns at announcement are higher; interpreting it to mean that smaller auditors provide greater 5 See, for example, Officer, Poulsen, and Stegemoller (2009), Povel and Singh (2006), Bharadwaj and Shivda”
Do Firms Have Leverage Targets? Evidence from Acquisitions (2009, unknown): “2 See also Bharadwaj and Shivdasani (2003) for evidence that most cash offers are debt financed.”
What Determines the Financing Decision in Corporate Takeovers: Cost of Capital, Agency Problems, or the Means of Payment? (2008, unknown): “In the context of corporate 12 For an overview of the determinants of takeover returns see Martynova and Renneboog (2008d). takeovers, Bharadwaj and Shivdasani (2003) also document positive market response to the announcements of bank-funded deals.”