{"title":"The effect of merger and acquisition activity on shareholder returns in the pharmaceutical industry","authors":"G. Skrepnek, K. Lawson","doi":"10.1300/J063V11N01_02","DOIUrl":"https://doi.org/10.1300/J063V11N01_02","url":null,"abstract":"ABSTRACT. The purpose of this study was to quantify the excess returnin shareholder security prices following initial announcements of success-ful horizontal pharmaceutical mergers which occurred between 1985 and1996. An event study methodology was used to study a sampleof 26firmsinvolved in 14 mergers wherein transaction costs exceeded $500 million.Overall, results of the study were consistent with prior research, indicatingthat target-firm shareholders received a majority of the short-term merger-related wealth effects in comparison to those received by bidder-firmshareholders. [Article copies available for a fee from The Haworth DocumentDelivery Service: 1-800-342-9678. E-ma il address: Website: E 2001 by The HaworthPress, Inc. All rights reserved.] KEYWORDS. Event study, mergers and acquisitions, pharmaceuticalindustry, financial economics INTRODUCTION American corporations have been involved in merger and acquisi-tion(M&A)activityasamethodofincreasingcorporatestrengthsincethe 1800s. The most recent merger wave beginning in the mid-1980s","PeriodicalId":269103,"journal":{"name":"Journal of Research in Pharmaceutical Economics","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116425630","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":"An assessment of the impact of reference-based pricing policies on the H2 antagonist market in British Columbia, Canada","authors":"L. Narine, M. Senathirajah, T. Smith","doi":"10.1300/J063V11N01_05","DOIUrl":"https://doi.org/10.1300/J063V11N01_05","url":null,"abstract":"","PeriodicalId":269103,"journal":{"name":"Journal of Research in Pharmaceutical Economics","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132591362","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":"The Development of a Remuneration Scheme for Community-Based Geriatric Pharmaceutical Care","authors":"R. Grymonpre","doi":"10.1300/J063V11N01_04","DOIUrl":"https://doi.org/10.1300/J063V11N01_04","url":null,"abstract":"","PeriodicalId":269103,"journal":{"name":"Journal of Research in Pharmaceutical Economics","volume":"1 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123742706","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":"Technical Trajectories and QWERTY Methodology:: An Application for Pharmaceutical Innovations","authors":"M. Altagracia","doi":"10.1300/J063V10N01_05","DOIUrl":"https://doi.org/10.1300/J063V10N01_05","url":null,"abstract":"","PeriodicalId":269103,"journal":{"name":"Journal of Research in Pharmaceutical Economics","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122788343","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":"Cost-related prescription drug misuse among older persons","authors":"K. Bonuck, M. Memmott, P. Arno","doi":"10.1300/J063V11N01_03","DOIUrl":"https://doi.org/10.1300/J063V11N01_03","url":null,"abstract":"","PeriodicalId":269103,"journal":{"name":"Journal of Research in Pharmaceutical Economics","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125197541","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}
J. R. Allen, C. J. Anthony, L. Bosco, L. Burke, P. Byrns, C. A. Casnoff, David C. Clark, B. Fishburn, T. R. Fulda, J. Gagnon, L. Golodner, K. Gondek, H. Grabowski, C. R. Grezlak, D. J. Gross, E. Katz, E. Lawrence, H. Lipton, L. Maine, J. Matsumoto, P. Mckercher, M. Miller, L. Morris, M. Novitch, F. Palumbo, P. Penna, G. S. Persinger, M. Pollard, T. Rucker, C. Schur, S. Schweitzer, D. Schulke, K. Schulman, R. Seidman, S. Shulman, B. Sleath, J. Whitehouse, B. B. Wilford, K. Williams, R. Woosley
{"title":"A framework for research and evaluation into the effects of managed care on the pharmaceutical marketplace: Excerpts from the final report","authors":"J. R. Allen, C. J. Anthony, L. Bosco, L. Burke, P. Byrns, C. A. Casnoff, David C. Clark, B. Fishburn, T. R. Fulda, J. Gagnon, L. Golodner, K. Gondek, H. Grabowski, C. R. Grezlak, D. J. Gross, E. Katz, E. Lawrence, H. Lipton, L. Maine, J. Matsumoto, P. Mckercher, M. Miller, L. Morris, M. Novitch, F. Palumbo, P. Penna, G. S. Persinger, M. Pollard, T. Rucker, C. Schur, S. Schweitzer, D. Schulke, K. Schulman, R. Seidman, S. Shulman, B. Sleath, J. Whitehouse, B. B. Wilford, K. Williams, R. Woosley","doi":"10.3109/J058v12n02_11","DOIUrl":"https://doi.org/10.3109/J058v12n02_11","url":null,"abstract":"","PeriodicalId":269103,"journal":{"name":"Journal of Research in Pharmaceutical Economics","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116898719","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}