{"title":"Context of change","authors":"David R. King, Florian Bauer, S. Schriber","doi":"10.4324/9780429469459-3","DOIUrl":"https://doi.org/10.4324/9780429469459-3","url":null,"abstract":"","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125811456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Process of change","authors":"David R. King, Florian Bauer, S. Schriber","doi":"10.4324/9780429469459-4","DOIUrl":"https://doi.org/10.4324/9780429469459-4","url":null,"abstract":"","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124296094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Content of change","authors":"David R. King, Florian Bauer, S. Schriber","doi":"10.4324/9780429469459-2","DOIUrl":"https://doi.org/10.4324/9780429469459-2","url":null,"abstract":"","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126227484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Change outcomes","authors":"David R. King, Florian Bauer, S. Schriber","doi":"10.4324/9780429469459-5","DOIUrl":"https://doi.org/10.4324/9780429469459-5","url":null,"abstract":"","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131021889","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Top Management Acquisitive Behaviour and Tax Avoidance","authors":"F. Gul, Mehdi Khedmati, Syed Shams","doi":"10.2139/ssrn.2900608","DOIUrl":"https://doi.org/10.2139/ssrn.2900608","url":null,"abstract":"This study uses merger and acquisitions (M&A) activities as a proxy for managers’ aggressive style and shows that firms with a higher degree of acquisitions (dollar value of acquisitions and number of acquisition announced in a given year) are associated with more tax avoidance. This finding is consistent with the idea that managers of firms that make self-maximizing decisions at the cost of shareholders in the form of high M&A activities within a short period of time are also likely to take high-risk tax positions. We also document that the negative effect of high acquisitiveness on tax avoidance is prevalent when CEOs equity based compensation increases in post-acquisition period suggesting agency problem is a key driver of high acquisitiveness and tax avoidance behavior. Additional tests show that managerial acquisitiveness is different from overconfidence in explaining corporate tax avoidance activities of the bidding firms.","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123590636","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Bank Mergers, Loan Contracts, and Firm Performance: A Quasi-Experiment from Japanese Bank Mergers","authors":"Katsushi Suzuki, Kazuo Yamada","doi":"10.2139/ssrn.2396681","DOIUrl":"https://doi.org/10.2139/ssrn.2396681","url":null,"abstract":"In this paper, we investigate the impact of bank mergers on the lending relationship and on client-firm performance. We study bank mergers that have occurred in Japan since 2000 and find that banks reduce the loan amounts for firms with which they have a close relationship and that banks’ cumulative shareholding by the pre-merger banks is non-linearly related to firms’ subsequent performance. Japanese banks are prohibited from holding more than 5% of a firm’s equity. This can be used as exogenous shock to investigate the linkage between the existence of blockholder and firm’s subsequent performance. We find that the cumulative equity stake held by pre-merger banks is non-linearly related to firms’ subsequent performance, and the kink point is 5%. Using the bank merger events and the 5% rule as the exogenous shock for blockholders, our findings have significant relevance in corporate governance debates.","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130214748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"9. The Neglected Importance of Leadership in Mergers and Acquisitions","authors":"S. Sitkin, Amy L. Pablo","doi":"10.1515/9781503620551-020","DOIUrl":"https://doi.org/10.1515/9781503620551-020","url":null,"abstract":"","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128738276","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Executive Commentary","authors":"Bernd Ratzke, T. Kelly","doi":"10.1515/9781503620551-017","DOIUrl":"https://doi.org/10.1515/9781503620551-017","url":null,"abstract":"","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129425040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"17. Creating a New Identity and High-Performance Culture at Novartis: The Role of Leadership and Human Resource Management","authors":"C. Chua, H. Engeli, Günter Stahl","doi":"10.1515/9781503620551-031","DOIUrl":"https://doi.org/10.1515/9781503620551-031","url":null,"abstract":"","PeriodicalId":220438,"journal":{"name":"Mergers and Acquisitions","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123971738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}