{"product_id":"corporate-takeover-targets-acquisition-probability-hardback-9781848219175","title":"Corporate Takeover Targets; Acquisition Probability (Hardback) 9781848219175","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eCorporate Takeover Targets\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eAcquisition Probability\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHicham Meghouar (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781848219175, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 8 April 2016\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e240 pages\u003cbr\u003e24.1 x 16.3 x 2 cm, 0.504 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eThe term \"takeover\", of which the first form is mergers and acquisitions (M\u0026amp;A), refers to the transfer of control of a business from one group of shareholders to another. Considering the importance of this issue and the real drives behind takeovers, it has become imperative to identifying companies that are vulnerable to takeover by two types: tender offer and exchange offer.\u003c\/p\u003e \u003cp\u003eThis book thus presents the legal aspects, the theoretical justifications and the empirical contributions of takeovers, and analyzes the economic and financial characteristics of targets in order to assess the probability of being acquired. An empirical approach based on two quantitative studies is then applied to the European market, which is still virgin territory in terms of academic research. Finally, acquisition probability models have been developed and they have a 72% forecast accuracy average rate of targets.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eCorporate Takeover Targets\u003c\/i\u003e is aimed at students and researchers in economic and management, as well as M\u0026amp;A consultants.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eIntroduction  ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1. Corporate Takeovers: Theoretical Justifications and Empirical Contributions  1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to Part 1  3\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1. Economic and Legal Framework of Takeover Bids in Europe 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1. Corporate takeover: general description  6\u003c\/p\u003e \u003cp\u003e1.1.1. The control 6\u003c\/p\u003e \u003cp\u003e1.1.2. The takeover concept 8\u003c\/p\u003e \u003cp\u003e1.1.3. Techniques and classification of M\u0026amp;A  9\u003c\/p\u003e \u003cp\u003e1.1.4. Conclusion 14\u003c\/p\u003e \u003cp\u003e1.2. The economic impact of takeover bids 15\u003c\/p\u003e \u003cp\u003e1.2.1. Global development over the period 1990-2000 16\u003c\/p\u003e \u003cp\u003e1.2.2. Characteristics of the recent M\u0026amp;A wave: 2001–2007 26\u003c\/p\u003e \u003cp\u003e1.3. Regulation and control of takeover bids in Europe . 34\u003c\/p\u003e \u003cp\u003e1.3.1. Merger and acquisition control in Europe 35\u003c\/p\u003e \u003cp\u003e1.3.2. The role of public authorities  38\u003c\/p\u003e \u003cp\u003e1.3.3. Harmonization of regulations on takeover bids within the European Union  42\u003c\/p\u003e \u003cp\u003e1.4. Conclusion 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2. Motivations and Economic Role of Takeover Bids: a Theoretical and Empirical Characterization 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1. Economic interpretation of takeover bids and plurality of their theoretical references 50\u003c\/p\u003e \u003cp\u003e2.1.1. Economic justifications for takeover bids  50\u003c\/p\u003e \u003cp\u003e2.1.2. Plurality of theoretical references on the potential effectiveness of takeover bids 60\u003c\/p\u003e \u003cp\u003e2.1.3. Conclusion 67\u003c\/p\u003e \u003cp\u003e2.2. Performance and effectiveness of takeover bids: results of empirical research  68\u003c\/p\u003e \u003cp\u003e2.2.1. Short term performance of companies: around the event date  70\u003c\/p\u003e \u003cp\u003e2.2.2. Long-term acquisition performance: bnormal post acquisition return  77\u003c\/p\u003e \u003cp\u003e2.2.3. Conclusion 81\u003c\/p\u003e \u003cp\u003e2.3. Motivations of takeover bids: results of empirical research  82\u003c\/p\u003e \u003cp\u003e2.3.1. Empirical studies on targets profile  84\u003c\/p\u003e \u003cp\u003e2.3.2. Empirical studies of acquiring companies’ profiles 98\u003c\/p\u003e \u003cp\u003e2.3.3. Joint empirical studies of the profiles of acquirers and targets 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2. Exploration of Predictive Variables for Takeover Bids and Forecast of European Targets 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction to Part 2  107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3. Detection of Predictive Variables for Corporate Takeover: an Exploratory Study  109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1. Conceptual and empirical framework: theoretical positioning, survey characteristics and choice of data analysis method 109\u003c\/p\u003e \u003cp\u003e3.1.1. The theoretical positioning of the exploratory study 110\u003c\/p\u003e \u003cp\u003e3.1.2. The questionnaire characteristics  111\u003c\/p\u003e \u003cp\u003e3.1.3. Statistical analysis of responses  113\u003c\/p\u003e \u003cp\u003e3.2. Results of empirical tests: exploratory factor analysis in principal components 114\u003c\/p\u003e \u003cp\u003e3.2.1. Reliability and validity of the measurement scale  114\u003c\/p\u003e \u003cp\u003e3.2.2. Qualitative analysis of responses  116\u003c\/p\u003e \u003cp\u003e3.2.3. Results of the exploratory factor analysis of variables 122\u003c\/p\u003e \u003cp\u003e3.2.4. Conclusion 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4. Developing a Takeover Prediction Model: The European Case 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1. Empirical analysis: hypotheses, sample selection and statistical methodology 136\u003c\/p\u003e \u003cp\u003e4.1.1. Formulation of hypotheses and measurement variables 136\u003c\/p\u003e \u003cp\u003e4.1.2. Selection of samples and data collection 150\u003c\/p\u003e \u003cp\u003e4.1.3. Methodological choices and statistical processing  156\u003c\/p\u003e \u003cp\u003e4.1.4. Conclusion 161\u003c\/p\u003e \u003cp\u003e4.2. Modeling takeover bids in Europe: predicting takeover targets 162\u003c\/p\u003e \u003cp\u003e4.2.1. Univariate analysis results  163\u003c\/p\u003e \u003cp\u003e4.2.2. Results of the multivariate analysis  176\u003c\/p\u003e \u003cp\u003e4.2.3. Performance and predictive ability of the developed models 193\u003c\/p\u003e \u003cp\u003e4.2.4. Conclusion 201\u003c\/p\u003e \u003cp\u003eConclusion 203\u003c\/p\u003e \u003cp\u003eBibliography 209\u003c\/p\u003e \u003cp\u003eIndex 221\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-ISTE","offers":[{"title":"Brand New","offer_id":52449400586520,"sku":"9781848219175","price":100.57,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781848219175.jpg?v=1785198133","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/corporate-takeover-targets-acquisition-probability-hardback-9781848219175","provider":"Freshly Printed Books","version":"1.0","type":"link"}