Can Takeover Losses Explain Spin-Off Gains?

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

1986 • 17,982 citations

Using daily stock returns

1985 • 6,463 citations

The Hubris Hypothesis of Corporate Takeovers

1986 • 3,809 citations

Management entrenchment

1989 • 2,153 citations

From Competitive Advantage to Corporate Strategy

1989 • 2,133 citations

Do Managerial Objectives Drive Bad Acquisitions?

1990 • 1,912 citations

Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms

1988 • 1,789 citations

The gains to bidding firms from merger

1983 • 1,026 citations

The Success of Acquisitions: Evidence from Divestitures

1992 • 763 citations

Security price reactions around corporate spin-off announcements

1983 • 481 citations

Do Bad Bidders Become Good Targets?

1990 • 447 citations

Effects of recontracting on shareholder wealth

1983 • 411 citations

Corporate mergers and security returns

1986 • 377 citations

The market for interfirm asset sales

1987 • 360 citations

Stock Trading Before the Announcement of Tender Offers: Insider Trading or Market Anticipation?

1989 • 325 citations

The Effect of Voluntary Sell‐off Announcements on Shareholder Wealth

1985 • 315 citations

An empirical investigation of the impact of ‘antitakeover’ amendments on common stock prices

1983 • 309 citations

Corporate Takeovers: The Efficiency Arguments

1988 • 276 citations

Investigating the Valuation Effects of Announcements of Voluntary Corporate Selloffs

1984 • 254 citations

The Effect of Voluntary Spin-off Announcements on Shareholder Wealth

1983 • 248 citations

Additional Evidence on the Relation Between Divestiture Announcements and Shareholder Wealth

1984 • 214 citations

Consistent Estimation of Cross-Sectional Models in Event Studies

1990 • 207 citations

The Timing and Substance of Divestiture Announcements: Individual, Simultaneous and Cumulative Effects

1986 • 188 citations