The Timing and Terms of Mergers Motivated by Economies of Scale

By B. Lambrecht. 2003

300 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/29578a58ffe25db9c46d827a55b0d1b7236ef162

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Citations in the corpus

Real Options Signaling Games with Applications to Corporate Finance (2011, unknown): “Leahy(1993),Williams (1993), andGrenadier(2002) study simultaneous investment by symmetric firms in a competitive equilibrium. Novy-Marx (2007) looks at a similar problem with heterogeneous firms. Grenadier(1996),Weeds(2002), andLambrecht and Perraudin (2003) study sequential investment in leader-fo”
The Real Effects of Uncertainty on Merger Activity (2016, unknown): “Of course, higher uncertainty also increases the value of waiting to exercise the “option to merge” (Lambrecht, 2004; Morellec and Zhdanov, 2005), predicting similar empirical relationships between volatility and merger activity.”
A Theory of Takeovers and Disinvestment (2007, unknown): “Lambrecht (2004) presents a real-options model of mergers motivated by economies of scale and provides a rationale for the pro-cyclicality of merger waves.”
The Role of Risk Management in Mergers and Merger Waves (2011, unknown): “More M&A activity occurs during economic ‘‘boom’’ periods (Lambrecht, 2004; Rhodes-Kropf, Robinson, and Viswanathan, 2005; Bouwman, Fuller, and Nain, 2009).”
A Theory of Merger-Driven IPOs (2011, unknown): “In addition, we follow Lambrecht (2004) and assume that each party incurs a fixed direct cost of going through a merger.”
The Dynamics of Mergers and Acquisitions (2005, unknown): “Our paper thus extends and complements the results derived in Lambrecht (2004).”
Do Envious CEOs Cause Merger Waves (2010, background): “…at least to Gort (1969), who hypothesizes that economic disturbances produce discrepancies in the valuations of firms that then result in mergers.3 Lambrecht (2004) proposes We thank an anonymous referee and particularly Matthew Spiegel (the editor) for helpful comments that have significantly…”
Financing and takeovers (2008, unknown): “Lambrecht (2004), Morellec and Zhdanov (2005), Lambrecht and Myers (2007), Margsiri, Mello, and Ruckes (2005), and Hackbarth and Morellec (2008) develop real options models to analyze the timing and terms of takeovers.”