The impact of investor protection law on global takeovers: LBO vs. non-LBO transactions

The impact of investor protection law on global takeovers: LBO vs. non-LBO transactions

This paper examines the impact of investor protection laws on value creation in LBOs versus non-LBO takeovers. We find that value creation measured by takeover premium is significantly higher in countries with better investor protection. The value effect of investor protection laws is more pronounce...

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Bibliographic Details
Main Authors: CAO, Xiaping, CUMMINGS, Douglas, GOH, Jeremy C., WANG, Xiaoming
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Leveraged buyouts
Legal environment
Law
Premium
Shareholder rights
Club deals
Value effect
Investor protection
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6683
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7682/viewcontent/Impact_investor_protection_law_LBO_2019_av.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6683
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7682/viewcontent/Impact_investor_protection_law_LBO_2019_av.pdf

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