Elusive drivers of shareholder wealth gains

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Antidote, The

ISSN: 1363-8483
Merged into: Strategy & Leadership

Online from: 1996

Subject Area: Strategy

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Document Information:
Title:	Elusive drivers of shareholder wealth gains
Author(s):	Kippenberger, T
Citation:	Kippenberger, T, (1998) "Elusive drivers of shareholder wealth gains", Antidote, The, Vol. 3 Iss: 3, pp.10 - 11
Keywords:	Finance, Mergers and acquisitions, Shareholders
Article type:	Research paper
DOI:	10.1108/EUM0000000006466 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	Details a study of 429 complete UK acquisitions, takeovers and mergers from 1980 to 1990. Cites value creation; management/shareholder alignment; and bid characteristics. Warrants that the results gave some support to the above factors playing a role in wealth creation in target companies — but for bidders results were much weaker. Concludes that this study is fairly representative of the best current work in the financial school of M&A research.