WebIn this paper, we examine a sample of 3119 minority block acquisitions around the world. One in seven firms are targeted by active investors who either have their own representatives on the board or i. ... "The Geography of Block Acquisitions," Journal of Finance, American Finance Association, vol. 63(6), pages 2817-2858, December. WebCities experience rapid growth and transformation. Over the past decades, change has been particularly intense and complex, associated to globalization, spatial compression and temporal acceleration. Within this context, the EU funds introduced new urban rehabilitation dynamics that made a city center more and more attractive. This, alongside the growth of …
The Geography of Block Acquisitions - Research Papers in …
Webblock acquirers face lower governance-related transactions costs, they may have stronger incentives to monitor target performance and thus are more likely to pursue active … Web1 Dec 2008 · The Geography of Block Acquisitions We find that block acquirers have a strong preference for geographically proximate targets and acquirers that purchase … example of verbalized harassment
Geographic proximity and M&As: Evidence from China
WebIn this paper, I examine minority block acquisitions from 1990 to 2009, as well as possible theories for the presence of equity stake purchases. I find that target firms are financially constrained. ... 2008. "The Geography of Block Acquisitions," Journal of Finance, American Finance Association, vol. 63(6), pages 2817-2858, December. WebThe U.S. money management industry is geographically concentrated and diverges from the geographic clustering of public firms. We find that firms located in states with strong institutional investor presence have high valuation. These firms invest more and their investments are less dependent on internal cash flow. Web1 Oct 2024 · We estimate that for publicly traded firms, acquisitions following direct flight introductions experience abnormal announcement returns that are an economically important 2.0 to 3.4% greater (depending on the window examined) relative to those of acquirers that buy targets in cities without a direct flight. example of verbal warning to employee