Webb"Tobin's Q and the Gains from Takeovers," Journal of Finance, American Finance Association, vol. 46(1), pages 409-419, March. Errunza, Vihang R & Senbet, Lemma W, … Webbgains between firms that conduct many small acquisitions versus those that make a small number of large acquisitions (Harding and Rovit (2002)). The typical arguments developed to support this finding include the notion that smaller acquis itions are easier to integrate, they are more likely to involve related businesses, and they are more likely

Overinvestment, Tobin

Webb“Tobin’s Q and the Gains of takeovers in Athens . ... The best value-creation takeovers are those where a high Tobin Q company buys off a low Tobin's O company (Toudas and Nikolaos, 2007). WebbThis paper analyzes the relation between takeover gains and the q ratios of targets and bidders for a sample of 704 mergers and tender offers over the period 1972–1987. … timpson welwyn

Tobin

Webb2. Tobin’s q and the capital structure, a puzzling relationship. It is often noted that Brainard and Tobin (Citation 1968) and Tobin (Citation 1969) formulated the indicator known as … Webb13 okt. 2011 · In collaboration with the first volume, this handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters ... WebbL H. P. Lung et al., Tobin's q and takeover gains associated with the largest increase in the combined value of bidder and target equity, called henceforth the total takeover gain, are undertaken by high q bidders for low q targets. partnership manager jobs manchester