Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions

By Cong Wang, Feixue Xie. 2009

325 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9507796d1d0ddfc856c75f638c374b1d19faae92

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Citations in the corpus

Human capital relatedness and mergers and acquisitions (2018, methodology): “Electronic copy available at: https://ssrn.com/abstract=2996878 27 The coefficients on the deal and firm characteristics are consistent with results reported in the literature for combined acquirer and target returns (see, e.g., Wang and Xie (2009), Ahern (2012), and Ishii and Xuan (2014)).”
Board Connections and M&A Transactions (2012, background): “The mean five-day combined abnormal return PCAR is 1.12%, consistent with the positive combined returns shown by Andrade, Mitchell, and Stafford (2001), Moeller et al. (2004), and Wang and Xie (2009).”
How have M&As changed? Evidence from the sixth merger wave (2012, unknown): “The sign and significance of most of the explanatory variables are in most cases according to the predictions of previous studies (Officer, 2003; Moeller et al., 2004; and Wang and Xie, 2009).”
Do financial markets care about SRI? Evidence from mergers and acquisitions (2011, methodology): “At the deal level (considering both the acquirer and the target), following the procedure in Wang and Xie (2009), we form a value-weighted portfolio of the two firms and use market-model adjusted returns around the initial acquisition announcements.”
Motivated monitors: The importance of institutional investors׳ portfolio weights (2015, unknown): “Following Moeller, Schlingemann and Stulz (2004) and Masulis, Wang and Xie (2007), this initial sample excludes spinoffs, recapitalizations, exchange offers, repurchases, self-tenders, privatizations, acquisitions of remaining interest, partial interests or assets, and transactions whose value relat”
Directors’ and Officers’ Liability Insurance and Acquisition Outcomes (2011, unknown): “13 This proxy variable has been used in other recent empirical M&A studies of acquirer announcement returns (e.g., Masulis et al., 2007; Wang and Xie, 2009).”
Productivity, Restructuring, And The Gains From Takeovers (2013, unknown): “…of synergies (Houston, James, and Ryngaert, 2001; and Devos, Kadapakkam, and Krishnamurthy, 2009), operating cash flow (Healy, Palepu, and Ruback, 1992), corporate governance measures (Masulis, Wang, and Xie, 2007; and Wang and Xie, 2009), and product market synergy (Hoberg and Phillips, 2010).”
Industry contagion in loan spreads (2012, unknown): “…cash flow, and stock price run-up (acquirer’s buy-and-hold abnormal return over the 200-trading-day period 11 As a robustness test, we also follow Wang and Xie (2009) and examine acquisition premiums defined as the ratio of the offer…”
Common Auditors in M&A Transactions (2016, unknown): “These positive portfolio returns are consistent with prior research (e.g., Andrade et al., 2001; Wang and Xie, 2009).”
Emerging Country Cross-Border Acquisitions: Characteristics, Acquirer Returns and Cross-Sectional Determinants (2011, unknown): “Similarly for U.S. domestic mergers and acquisitions, Wang and Xie (2009) show that both acquiring and target firms benefit from corporate governance improvements.”
Corporate Social Responsibility and Stakeholder Value Maximization: Evidence from Mergers (2013, unknown): “to that of Wang and Xie (2009), who find that the value creation in M&As increases with the difference in”