The paper provides insights into how debt overhang issues related to transfers of value to
creditors can impact target firms' financial policy after an acquisition. The later are natural …

Our study investigates the role that corporate strategy and negotiating procedure play in
driving merger outcomes. The term merger outcome refers not only to how a merger …

This paper conducts an empirical analysis of the reasons for a new controlling shareholder
to either delist the acquired firm or maintain it as a separate listed company after an M&A …

Research aims: The purpose of this research was to examine the direct relationship
between family ownership structure and leverage as well as the indirect impact of …

An existing finance theory predicts that managers of takeover targets will increase leverage
to enhance managerial control which can, in turn, allow target managers to thwart a takeover …

Debt is analyzed in relation to the conflict between three parties, a controlling shareholder,
outside investors and creditors. We follow Jensen and Meckling's (1976) and Myers'(1977) …

Abstract Mergers and Acquisitions (M&A) have marked the last decades due to their
significantly increase. Since M&A are a large investment decision in any firm, it is expected …

This study is aimed to investigate the determinants of finance companies' acquisition. During
the last 15 years, there were more than 30 mergers and acquisition deals happened in the …

We review the theoretical and empirical studies concerned with mergers and acquisitions
(M&A) to evaluate the knowledge in the area and to recommend new areas for future …

I investigate bank loans to takeover targets considering the simultaneous decision of pricing,
maturity, collateral, and covenants applying Generalized Method of Moments (GMM) …