The impact of investor protection law on takeovers: The case of leveraged buyouts

This paper examines the impact of investor protection on the value creation of LBOs. We find that target shareholders’ wealth gain is higher in countries with better investor protection. The impact of investor protection on takeover premium is larger for LBO than non-LBO transactions. We also find e...

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Main Authors: CAO, Jerry, CUMMING, Douglas J., GOH, Jeremy, QIAN, Meijun, WANG, Xiaoming
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2008
主題:
M&A
在線閱讀:https://ink.library.smu.edu.sg/lkcsb_research/5224
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6223/viewcontent/SSRN_id1100059.pdf
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