Bargaining power and industry dependence in mergers

By Kenneth R. Ahern. 2012

287 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/f3882d003179c6250b5c5895d4e3de8d388c298d

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Citations in the corpus

Motivated monitors: The importance of institutional investors׳ portfolio weights (2015, unknown): “Our work also contributes to the vast literature on mergers and acquisitions, particularly papers that study the role of institutional investors in the process (e.g. Huang, 2011) and those that examine the relative bargaining power of the parties (e.g. Ahern, 2012).”
Innovation Activities and Integration through Vertical Acquisitions (2019, background): “Fan and Goyal (2006) and Kedia, Ravid, and Pons (2011) examine stock market reactions to vertical deals and Ahern (2012) shows that the division of stockmarket gains is determined in part by customer or supplier bargaining power.”
Negotiations Under the Threat of an Auction (2010, unknown): “Ahern (2009) provides an empirical exploration of the relation between the bargaining power of the merging parties and the division of merger gains.”
Riding the Merger Wave: Uncertainty, Reduced Monitoring, and Bad Acquisitions (2013, unknown): “To do so, we construct measures of industry dependence following Ahern (2012) and Ahern and Harford (2011).”
Friend or foe: Customer-supplier relationships and innovation (2017, background): “Ahern (2012) uses industry inputs and outputs data and shows that customer-supplier relationships can explain divisions of total merger gains.”
Human capital relatedness and mergers and acquisitions (2018, unknown): “Lastly, we see that target termination fees have an insignificantly positive effect on merger synergy (consistent with Ahern, 2012), and acquirer termination fees significantly decrease merger synergy.”
How Do CEOs Matter? The Effect of Industry Expertise on Acquisition Returns (2013, unknown): “If the CEO comes from an upstream or downstream industry, the individual’s industry experience might merely capture the fact that bidders tend to capture a greater share of merger gains if they are acquiring firms in vertically related industries (Ahern 2012).”
Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions (2010, unknown): “proposed by Ahern (2008). The first measure is the “CAR difference.”
The Importance of Industry Links in Merger Waves (2012, unknown): “To identify industry pairs with a substantial relationship, we follow Fan and Goyal (2006) and Ahern (2012) and require either (1) that a customer industry buys at least 1% of a supplier industry’s total output (Customer %), or (2) that a supplying industry supplies at least 1% of the total inputs…”