Elusive drivers of shareholder wealth gains

Abstract

Details a study of 429 complete UK acquisitions, takeovers and mergers from 1980 to 1990. Cites value creation; management/shareholder alignment; and bid characteristics. Warrants that the results gave some support to the above factors playing a role in wealth creation in target companies — but for bidders results were much weaker. Concludes that this study is fairly representative of the best current work in the financial school of M&A research.

Citation

Kippenberger, T. (1998), "Elusive drivers of shareholder wealth gains", The Antidote, Vol. 3 No. 3, pp. 10-11. https://doi.org/10.1108/EUM0000000006466