Private and Public Merger Waves: Private and Public Merger Waves

By Vojislav Maksimovic, Gordon M. Phillips, Liu Yang. 2013

126 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/5bc0db695d18ecc290857e83d75ba3663be47749

Citations in the corpus

• Broad-Based Employee Stock Ownership: Motives and Outcomes: Broad-Based Employee Stock Ownership (2014, unknown): “As in Maksimovic, Phillips, and Yang (2013), we account for differences in firm-level productivity by including firm fixed effects in the TFP equation: Value Addedijkt= α0 + α1laborijkt+ α2capitalijkt + k + εijt.”
• Corporate Acquisitions, Diversification, and the Firm's Life Cycle: Corporate Acquisitions, Diversification, and the Firm's Life Cycle (2012, unknown): “Second, we use indicator variables for whether the firm has a high investment-grade credit rating (above BBB using S&P’s long-term ratings) or a low credit rating (BBB and below) as in Maksimovic, Phillips, and Yang (2013).”
• Stock Market Listing and the Use of Trade Credit: Evidence from Public and Private Firms (2017, unknown): “…(Brav, 2009), distribute more cash flows as dividends (Michaely and Roberts, 2012), engage in more mergers and acquisitions during merger wages (Maksimovic et al., 2013), take better advantage of investment opportunities (Mortal and Reisel, 2013), and 6 respond more quickly to those…”
• To Merge, Sell, or Liquidate? Socioemotional Wealth, Family Control, and the Choice of Business Exit (2019, unknown): “For instance, Maksimovic et al. (2013) revealed that private firms realize low gains from merging with another entity and that such gains are even lower than those of public firms, underlying even more the risks of a merger and the related postmerger integration problems within a private context.”