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Owners on both sides of the deal : mergers and acquisitions and overlapping institutional ownership

Recurso electrónico / electronic resource
MARC record
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084  ‎$a‎922.111.3
100  ‎$0‎MAPA20100048108‎$a‎Goranova, M.
24510‎$a‎Owners on both sides of the deal‎$b‎: mergers and acquisitions and overlapping institutional ownership‎$c‎M. Goranova, R. Dharwadkar, P. Brandes
520  ‎$a‎Using a corporate governance lens, this study considers owners wiíh a stake in both the acquiring and the target firms in the context of mergers and acquisitions. A possible agency problem arises with regard to monitoring implications as managers may be able to take advantage of comprommised monitoring because overlapping owners may focus on the aggregate valué for both the acquiring and the target firms and nonoverlapping owners maybe interested only in the acquirer's side of the dea!. The results suggest that when more owners overlap in their ownership of both the acquiring and target firms, the acquiring firms are more likely to experience decreased shareholder value through merger and acquisition deals. This effect, however, can be constrained by stronger board control.
650 1‎$0‎MAPA20080600938‎$a‎Dirección de empresas
650 1‎$0‎MAPA20080555061‎$a‎Management
650 1‎$0‎MAPA20080609955‎$a‎Controlling estratégico
650 1‎$0‎MAPA20080609320‎$a‎Adquisición de empresas
650 1‎$0‎MAPA20080609184‎$a‎Valoración de empresas
650 1‎$0‎MAPA20080612849‎$a‎Transmisión de empresas
7001 ‎$0‎MAPA20100049181‎$a‎Dharwadkar, R.
7001 ‎$0‎MAPA20100049198‎$a‎Brandes, P.
7730 ‎$w‎MAP20077100307‎$t‎Strategic Management Journal‎$d‎Chichester : John Wiley & Sons, Ltd, 1991-2010‎$x‎0143-2095‎$g‎15/10/2010 Tomo 31 Número 10 - 2010 , p. 1114-1135