Corporate Investments in Common Stock (Classic Reprint)
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.51
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Print on Demand. This book analyzes the effects of corporate investments in other companies' equity. The author measures the impact of such investments on the stock prices of both acquiring and target firms. The study spans multiple years and examines a range of investment strategies and outcomes, including takeovers, targeted repurchases, third-party acquisitions, and share sales. The author finds that while completed takeovers result in zero net present value for acquiring firms, investments leading to targeted repurchases, share sales, or third-party takeovers yield positive returns. Notably, the author reveals that even targeted repurchases, often viewed negatively, have a positive overall impact on target firm shareholder value. This book provides valuable insights into the complex dynamics of interfirm equity investments and their implications for investors and corporate decision-makers. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781332256495_0
- Title
- Corporate Investments in Common Stock (Classic Reprint)
- Author
- Wayne H. Mikkelson
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 133225649X
- ISBN 13
- 9781332256495
- Seller catalogs
- Business Investment
A great deal of research has focused on valuation consequences of corporate takeovers for acquiring and target firms. These studies typically examine the stock prices of the participating firms at the time of takeover announcements.1 However, many of these takeover attempts are preceded by the purchase of 52 or more of the common stock of the target firms. This study expands the investigation of transactions in the market for corporate control by measuring security valuation effects of corporate investments in the equity securities of other firms. Valuation effects are measured from the time a 52 or greater investment position is first disclosed to the outcome of the investment.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed before purchase if you request a sample.
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