Risk Reduction as a Managerial Motive for Conglomerate Mergers

Keywords

Economics, Reduction (mathematics), Conglomerate, Microeconomics, Mathematics

References

• Conglomerate Mergers: Causes, Consequences, and RemediesGeorge J. Benston — 1980
• Mergers: Motives, Effects, PoliciesPeter O. Steiner — 1975
• Moral Hazard and ObservabilityBengt Holmström — 1979
• The effects of conglomerate mergers : A survey of the empirical evidenceDennis C. Mueller — 1977
• The Organization of IndustryGeorge J. Stigler — 1969
• Risk Sharing and Incentives in the Principal and Agent RelationshipSteven Shavell — 1979
• Markets and hierarchies, analysis and antitrust implications : a study in the economics of internal organizationOliver E. Williamson — 1975
• On The Use Of Index Models In Analytical Reviews By AuditorsBaruch Lev — 1980
• Properties of Accounting Numbers: Models and TestsNicholas J. Gonedes — 1973
• Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate MergersHaim Kedar‐Levy, Marshall Sarnat — 1970
• The Uses of Tobit AnalysisJohn F. McDonald, Robert Moffitt — 1980
• Takeovers, Shareholder Returns, and the Theory of the FirmMichael Firth — 1980
• Optimal incentive contracts with imperfect informationMilton Harris, Artur Raviv — 1979
• Merger proposals, management discretion and stockholder wealthPeter Dodd — 1980
• Effect of Control Type on the Performance of the Firm in the U.KP. Holl — 1975
• The Pricing of Options and Corporate LiabilitiesFischer Black, Myron S. Scholes — 1973
• Stock-Market Based Measures of Corporate DiversificationAmir Barnea, Dennis E. Logue — 1973
• The determination of financial structure: the incentive-signalling approachStephen A. Ross — 1977
• On the Association between Operating Leverage and RiskBaruch Lev — 1974
• Agency Problems and the Theory of the FirmEugene F. Fama — 1980

Cited by

• Merger Motives and Target Valuation: A Survey of Evidence from CFOsTarun K. Mukherjee, H. Kent Baker, Halil Kiymaz — 2005
• An Analysis of the Influence of CEO Characteristics on Research and Development Expenditures in Large American Corporations (2005 Data)Sun Gu Lee — 2008
• Do ownership structures affect the risk incentive provided by managerial portfolio holdings? An empirical analysis of UK alternative investment market companiesHelena Pinto — 2010
• Selección de inversiones industriales con base en un APT dinámicoRicardo del Olmo Martínez, Cesáreo Hernández Iglesias — 1999
• Key predictors of Australian listed company post-acquisition performanceChilds, Stephen — 2012
• Studies of corporate governance in New ZealandMark A. Fox — 1995
• THE EFFECT OF TAKEOVER DEFENSES ON LONG TERM AND SHORT TERM ANALYSTS’ EARNINGS FORECASTS: THE CASE OF POISON PILLSThomas A. Turk, Jeremy Goh, Candace E. Ybarra — 2007
• MERGERS AND ACQUISITIONS AND MANAGERIAL COMMITMENT TO INNOVATION IN M-FORM FIRMSMichael A. Hitt, Robert E. Hoskisson, R. Duane Ireland — 1990
• FUSÕES e AQUISIÇÕES: A EVIDÊNCIA EMPÍRICAVasco Sanchez Rodrigues — 1998
• Entrepreneurial Risk Taking And Project Management: An Empirical Investigation In Two Micro-Sized RestaurantsSean Dodd, Yong Wang — 2011
• An Analytical Framework of Bank Merger and Reinvestment Decision under Maximizing Equity ValuesHsien‐yu Yin, Soushan Wu — 2002
• An exploratory examination into the relationship between corporate governance and risk management in Islamic banks : disclosure and survey analysisHanimon Abdullah — 2014
• The Wealth Effects of Takeover Announcement on Acquiring Firms: The Case of the Athens Stock ExchangeΚωνσταντίνος Παπαδάτος — 2011
• Essays in empirical corporate finance: covenant violations, market timing and product market competitionBurcu Esmer — 2011
• Large shareholders and bidder announcement returns : evidence from Western Europe and East AsiaWeiting Zhou — 2011
• Examining Curvilinearity and Moderation in the Relationship between the Degree of Relatedness of Individual Diversification Actions and Firm PerformanceCernas Ortiz, Daniel Arturo — 2011
• Searching for Faint Traces of Managerial Opportunism in French Diversifying AcquisitionsFrédéric Perdreau — 2001
• Investigating absorptive capacity in boards, corporate governance and the value creating boardAud Randi Schonning — 2013
• Executive Compensation in the Banking Industry and Systemic RiskSang Ho Choi — 2014
• Traditional and Market-Based Financial Intermediaries: Three Essays Examining Their Risk Behavior, Delisting Behavior, and Reactions to Economic Policy UncertaintyMarc Schaffer — 2012

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