New Evidence and Perspectives on Mergers

By Gregor Andrade, Mark L. Mitchell, Erik Stafford. 2001

2,979 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/dd121d1731bb76758c609cf5f4e6763aa3dca56e

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Citations in the corpus

Valuation waves and merger activity: The empirical evidence ☆ (2005, neutral): “Andrade et al. (2001) and Mulherin and Boone (2000) argue that deregulation caused the 1990s wave. Gorton et al. (2000) suggest that mergers are a defensive mechanism by managers.”
Deviation from the Target Capital Structure and Acquisition Choices (2011, positive): “Furthermore, previous studies on takeovers, including Andrade et al. (2001) and Holmstrom and Kaplan (2001), show fundamental”
Cross-Border Mergers and Acquisitions and European Integration (2009, positive): “The industrial organization literature classifies the various motives to merge in the following main groups (see e.g. Perry and Porter, 1985; Andrade et al. , 2001; Nocke and Yeaple, 2007; Long et al. , 2007; Neary, 2007a): 7 (1) high-Tobin’s q firms are those with the best technology and seek to…”
Corporate Venture Capital as a Window on New Technologies: Implications for the Performance of Corporate Investors When Acquiring Startups (2009, methodology): “Although these estimates may not always mirror returns realized from the deals, a considerable body of evidence suggests that they provide statistically valid proxies (Andrade et al. 2001).”
CEO network centrality and merger performance (2015, background): “Acquisitions lead to substantial value changes (e.g., Andrade et al., 2001; Moeller et al., 2004, 2005).”
Learning, Hubris and Corporate Serial Acquisitions (2009, neutral): “Andrade et al (2001), studying the period 1973-1998, report a percentage of hostile bids varying from 4% (1990-1998) to 14.3% (1980-1989).”
Managerial Attitudes and Corporate Actions (2013, result): “The large literature on bidder returns, which are near zero or negative on average, is consistent with such a story (see e.g., Andrade, Mitchell, and Stafford, 2001).”
Corporate Financing Decisions When Investors Take the Path of Least Resistance (2007, neutral): “The acquirer attitude (see Schwert, 2000, for a discussion of hostility) is always friendly in our sample of stock swaps, and by definition the form of payment (see Andrade, Mitchell, and Stafford, 2001) is stock and the accounting treatment is pooling (see Martinez-Jerez, 2004).”
Board Connections and M&A Transactions (2012, result): “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).”