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Mergers and Acquisitions - Dubai. Back to Courses in Singapore. Higson C J. Biographies. Master Class in Private Equity - Singapore. Publication Year.
Dr Chris Higson has worked at London Business School since 1986. His areas of expertise are in financial statements, financial performance and valuation, taxation, governance and regulation. He serves as an expert witness in these areas. Barwise T P; Higson C J; Likierman J A; Marsh P R.
Reference: Assessing the Impact of Mergers and Acquisitions on Firm Performance: Evidence from India.
The paper documents the dramatic growth of goodwill in the mid-eighties. Overwhelmingly this was the result of the economy-wide rise in the valuation ratio. Reference: Assessing the Impact of Mergers and Acquisitions on Firm Performance: Evidence from India. Post-Takeover Returns: The UK Evidence.
The effects of taxes and financial costs on inventory holdings. The twelve days of Christmas. English Folk songs, Folk music.
Practical implications: Financial analysts evaluating merger-acquisition announcements may wish to. .
Practical implications: Financial analysts evaluating merger-acquisition announcements may wish to predict the dividend policy following stock-based deals as they project the likely impact of past dividend policies of target firms. The results are also likely to be useful to investors. Finally, our results show support for the method of payment findings in the event study, with method of payment returning a negative and significant impact on bidder CARs.
Mergers and acquisitions (M&A) occur when businesses combine to achieve corporate objectives. Correctly identifying and classifying assets is critical to the survival of a company, specifically its solvency and risk.
Higson, C. (1994), Goodwill. CrossRefGoogle Scholar.
The variable Book-to-Market is measured as the book value of equity at the fiscal year-end prior to the acquisition announcement divided by the market value of equity 4 weeks prior to the acquisition announcement. In hostile acquisitions, or in cases where more than one acquirers bid for a particular target, the bidder might want to consummate the deal relatively quickly and deter competition (Fishman (1989) and Berkovitch and Narayanan (1990)), thus, choosing cash as medium of exchange.
News of a merger or acquisition is a big event in the life of a company, which stirs uncertainty, anxiety and fear. The changes, redundancies and so on, that often follow this news, are a further source of turmoil for the employees of both companies involved. There is no magic formula to avoid these effects completely.