Matches in SemOpenAlex for { <https://semopenalex.org/work/W76769897> ?p ?o ?g. }
- W76769897 abstract "This paper analyzes the market for corporate control and acquisitions by explicitly modeling a typical firm's choice whether to become a potential acquirer or target. I add synergistic motives to a multitask principal-agent framework with moral hazard between managers and shareholders. I argue that the terms of an M&A deal are determined not in isolation but in a market equilibrium context, therefore the merger transaction is embedded in a dynamic general-equilibrium search model. This framework links explicit and implicit incentives in a novel way. By modeling the choice explicitly I reconcile the evidence that in mergers target shareholders gain whereas acquirer shareholders seem to lose or gain nothing, yet most of the time they do not block the acquisition. Apart from that, it is shown that Golden Parachutes are an optimal form of compensation regarding merger-related incentives. The model also explains financial intermediation in the M&A market. I establish efficiency results and explain how merger waves might arise, in addition to other (testable) implications." @default.
- W76769897 created "2016-06-24" @default.
- W76769897 creator A5005323378 @default.
- W76769897 date "2007-01-01" @default.
- W76769897 modified "2023-10-16" @default.
- W76769897 title "The Search for Corporate Control" @default.
- W76769897 cites W1496617903 @default.
- W76769897 cites W1541185770 @default.
- W76769897 cites W1573091992 @default.
- W76769897 cites W1595506716 @default.
- W76769897 cites W1974033091 @default.
- W76769897 cites W1979856453 @default.
- W76769897 cites W1980391687 @default.
- W76769897 cites W1995503011 @default.
- W76769897 cites W2009632932 @default.
- W76769897 cites W2016668951 @default.
- W76769897 cites W2024623582 @default.
- W76769897 cites W2047582865 @default.
- W76769897 cites W2056401733 @default.
- W76769897 cites W2059299458 @default.
- W76769897 cites W2060542710 @default.
- W76769897 cites W2068518527 @default.
- W76769897 cites W2083083982 @default.
- W76769897 cites W2093594083 @default.
- W76769897 cites W2108817771 @default.
- W76769897 cites W2122652718 @default.
- W76769897 cites W2124564956 @default.
- W76769897 cites W2126937117 @default.
- W76769897 cites W2140358882 @default.
- W76769897 cites W2144886363 @default.
- W76769897 cites W2151001515 @default.
- W76769897 cites W2155424087 @default.
- W76769897 cites W2158074482 @default.
- W76769897 cites W2164446260 @default.
- W76769897 cites W2747531703 @default.
- W76769897 cites W3121608236 @default.
- W76769897 cites W3121925006 @default.
- W76769897 cites W3123234532 @default.
- W76769897 cites W3123529374 @default.
- W76769897 cites W3123622759 @default.
- W76769897 cites W3123748565 @default.
- W76769897 cites W3123914693 @default.
- W76769897 cites W3124114405 @default.
- W76769897 cites W3125067600 @default.
- W76769897 cites W3125304111 @default.
- W76769897 cites W3125918490 @default.
- W76769897 cites W3157884787 @default.
- W76769897 doi "https://doi.org/10.2139/ssrn.1000661" @default.
- W76769897 hasPublicationYear "2007" @default.
- W76769897 type Work @default.
- W76769897 sameAs 76769897 @default.
- W76769897 citedByCount "2" @default.
- W76769897 countsByYear W767698972012 @default.
- W76769897 crossrefType "journal-article" @default.
- W76769897 hasAuthorship W76769897A5005323378 @default.
- W76769897 hasConcept C10138342 @default.
- W76769897 hasConcept C120757647 @default.
- W76769897 hasConcept C144133560 @default.
- W76769897 hasConcept C151730666 @default.
- W76769897 hasConcept C162324750 @default.
- W76769897 hasConcept C175444787 @default.
- W76769897 hasConcept C187736073 @default.
- W76769897 hasConcept C199360897 @default.
- W76769897 hasConcept C2775924081 @default.
- W76769897 hasConcept C2776662940 @default.
- W76769897 hasConcept C2779143981 @default.
- W76769897 hasConcept C2779343474 @default.
- W76769897 hasConcept C2780202544 @default.
- W76769897 hasConcept C29122968 @default.
- W76769897 hasConcept C39389867 @default.
- W76769897 hasConcept C40700 @default.
- W76769897 hasConcept C41008148 @default.
- W76769897 hasConcept C548217281 @default.
- W76769897 hasConcept C75949130 @default.
- W76769897 hasConcept C86803240 @default.
- W76769897 hasConceptScore W76769897C10138342 @default.
- W76769897 hasConceptScore W76769897C120757647 @default.
- W76769897 hasConceptScore W76769897C144133560 @default.
- W76769897 hasConceptScore W76769897C151730666 @default.
- W76769897 hasConceptScore W76769897C162324750 @default.
- W76769897 hasConceptScore W76769897C175444787 @default.
- W76769897 hasConceptScore W76769897C187736073 @default.
- W76769897 hasConceptScore W76769897C199360897 @default.
- W76769897 hasConceptScore W76769897C2775924081 @default.
- W76769897 hasConceptScore W76769897C2776662940 @default.
- W76769897 hasConceptScore W76769897C2779143981 @default.
- W76769897 hasConceptScore W76769897C2779343474 @default.
- W76769897 hasConceptScore W76769897C2780202544 @default.
- W76769897 hasConceptScore W76769897C29122968 @default.
- W76769897 hasConceptScore W76769897C39389867 @default.
- W76769897 hasConceptScore W76769897C40700 @default.
- W76769897 hasConceptScore W76769897C41008148 @default.
- W76769897 hasConceptScore W76769897C548217281 @default.
- W76769897 hasConceptScore W76769897C75949130 @default.
- W76769897 hasConceptScore W76769897C86803240 @default.
- W76769897 hasLocation W767698971 @default.
- W76769897 hasOpenAccess W76769897 @default.
- W76769897 hasPrimaryLocation W767698971 @default.
- W76769897 hasRelatedWork W1972751638 @default.
- W76769897 hasRelatedWork W2021898702 @default.