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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| 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 |