Gains to Bidder Firms Revisited: Domestic and Foreign Acquisitions in Canada

By B. Espen Eckbo, Karin S. Thorburn. Journal of Financial and Quantitative Analysis, 2000

393 citations recorded by the source corpus.

Subfields: Accounting, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/a13af44dce13685c61a1418af042f5d2accaca44

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Citations in the corpus

Globalizing the Boardroom - The Effects of Foreign Directors on Corporate Governance and Firm Performance (2012, methodology): “Consistent with these difficulties, both Eckbo and Thorburn (2000) and Moeller and Schlingemann (2005) find that acquirers perform significantly worse in cross-border deals than in domestic deals.”
The long-term performance of acquiring firms: A re-examination of an anomaly (2009, background): “First, Ghosh argues that larger firms generally make acquisitions within an industry segment and they are likely to be more profitable compared to the industry average benchmark just because of the size effect (Fama and French, 1995). Second, acquiring firms generally make acquisitions following a p”
Anticipation, Acquisitions and Bidder Returns: Industry Shocks and the Transfer of Information Across Rivals (2011, neutral): “Eckbo and Thorburn (2000) report that bidders from 3 A partial list of the literature examining the conditional returns to bidders includes Travlos (1987), Lang, Stulz and Walkling (1991), Hubbard and Palia (1995), Eckbo and Thorburn (2000), Fuller, Netter and Stegemoller (2002), and Moeller,…”
Toeholds, Bid Jumps, and Expected Payoffs in Takeovers (2000, neutral): “Eckbo and Thorburn (2000a) present large-sample evidence that the measured gains to bidders tend to increase when the total equity size of the bidder relative to the target decreases.”
Returns to Acquirers of Listed and Unlisted Targets (2006, neutral): “Eckbo and Thorburn (2000) and Bae, Kang, and Kim (2002) report similar results for Canada and Korea, respectively.”
Firm Size, Takeover Profitability, and the Effectiveness of the Market for Corporate Control: Does the Absence of Anti-Takeover Provisions Make a Difference? (2011, neutral): “1964-1983, Eckbo and Thorburn (2000) report a similar positive finding for acquirers who use stock to”
Cross-Border M&As by Chinese Firms: An Analysis of Strategic Motivation and Performance (2008, background): “…(Doukas and Travlos, 1988; Fatemi and Furtado, 1988; Mathur, Chhachhi and Sundaram, 1989; Servaes and Zenner, 1994; Danbolt, 1995; Yook and McCabe, 1996; Kiymaz and Mukherjee, 2000; Eckbo and Thorburn, 2000; Seth, Song and Pettit, 2000; Campa and Hernando, 2004; and Gregory and McCorriston, 2005).”
Does global diversification destroy firm value? (2006, background): “global diversification (Christophe, 1997; Click and Harrison, 2000; Eckbo and Thorburn, 2000; Moeller and Schlingemann, 2005), they do not examine the sources of the global diversification discount.”
Do cross-border mergers and acquisitions increase short-term market performance? The case of Chinese firms (2017, background): “However, the announcement of ICBC’s acquisition of BEA Canada resulted in a 4.15% increase in share price in 2011.”
Do financial markets care about SRI? Evidence from mergers and acquisitions (2011, result): “Cross-border deals in our sample affect acquirer abnormal returns positively, which contrasts with the results reported by Eckbo and Thorburn (2000) within the US and Canadian contexts.”
Emerging Country Cross-Border Acquisitions: Characteristics, Acquirer Returns and Cross-Sectional Determinants (2011, neutral): “While most of the earlier studies showed that buyers gained positive economic value (e.g., Morck & Yeung, 1992; Markides & Ittner, 1994), recent studies have shown that buyers lose value (e.g., Chatterjee and Aw, 2004; Denis et al., 2002; Eckbo and Thorburn, 2000; Moeller and Schlingemann, 2005).”