Bidder Overpayment in Takeovers

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

Risk Reduction as a Managerial Motive for Conglomerate Mergers

1981 • 2,850 citations

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

1988 • 1,789 citations

The Market for Corporate Control: The Empirical Evidence Since 1980

1988 • 1,183 citations

The gains to bidding firms from merger

1983 • 1,026 citations

Corporate capital expenditure decisions and the market value of the firm

1985 • 874 citations

On the Misuse of Accounting Rates of Return to Infer Monopoly Profits

2016 • 774 citations

Corporate acquisition strategies and economic performance

1987 • 764 citations

Evidence on the capitalized value of merger activity for acquiring firms

1983 • 411 citations

Efficient Signalling with Dividends and Investments

1987 • 326 citations

Partially anticipated events: A model of stock price reactions with an application to corporate acquisitions

1985 • 312 citations

Productivity and Changes in Ownership of Manufacturing Plants

1987 • 298 citations

The Proper Role of a Target's Management in Responding to a Tender Offer

1981 • 282 citations

The Economic Effects of Federal and State Regulations of Cash Tender Offers

1980 • 269 citations

Abnormal Returns to Acquired Firms by Type of Acquisition and Method of Payment

1983 • 221 citations

Knights, Raiders, and Targets: The Impact of the Hostile Takeover.

1990 • 207 citations

The Use of Excess Cash and Debt Capacity as a Motive for Merger

1988 • 170 citations

A Financial Analysis of Acquisition and Merger Premiums

1973 • 44 citations

Management Performance in Leveraged Buyouts: An Empirical Analysis

1987 • 25 citations

Defensive Stock Repurchases

1986 • 24 citations