全球收购溢价-国家与行业影响

Applied Financial Economics Letters Pub Date : 2008-07-08 DOI:10.1080/17446540701720568

A. Dombret, Ferdinand Mager, Timo Reinschmidt

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引用次数: 3

摘要

我们分析了国家和行业对德国、法国、美国和英国收购溢价的影响。我们发现，收购溢价水平在很大程度上与国家有关。除金融部门外，该行业只扮演次要角色。德国和法国，这两个国家的溢价都明显低于盎格鲁撒克逊国家。在德国，这些较低的溢价主要是由外国竞标者推动的，而在法国，情况正好相反。

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Global takeover premiums – country vs. industry impact

We analyse the country and industry impact on takeover premiums in Germany, France, the USA and the UK. We find that the level of takeover premiums is highly country specific. The industry only plays a minor role with the exception of the financial sector. Germany and France, both countries exhibit significantly lower premiums than the Anglo-Saxon countries. In Germany, these lower premiums are mainly driven by foreign bidders, in France the opposite holds true.

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Applied Financial Economics Letters

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