Skip to main content
SpringerLink
Log in

Performance of Corporate Acquisitions over the Medium Term in Germany

  • Textbook
  • © 1999

Overview

Authors:
  1. K. Randolf Scheller
    View author publications

    You can also search for this author in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 49.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 49.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (9 chapters)

  1. Front Matter

    Pages i-xxiii
    Download chapter PDF

  2. Introduction and Motivation

    • K. Randolf Scheller
    Pages 1-7

  3. The German Stock Market, the German M&A Environment and its Corporate Legal and Regulatory Structure

    • K. Randolf Scheller
    Pages 9-25

  4. Issues of Corporate Governance

    • K. Randolf Scheller
    Pages 27-36

  5. Literature Review

    • K. Randolf Scheller
    Pages 37-89

  6. Sample Design and Description

    • K. Randolf Scheller
    Pages 91-102

  7. Data Analysis

    • K. Randolf Scheller
    Pages 103-128

  8. Methodology and Hypothesis

    • K. Randolf Scheller
    Pages 129-146

  9. Statistical Analysis and Empirical Results

    • K. Randolf Scheller
    Pages 147-170

  10. Discussion of Results and Conclusions

    • K. Randolf Scheller
    Pages 171-182

  11. Back Matter

    Pages 183-316
    Download chapter PDF
Back to top

Keywords

About this book

Does the performance of target industrial firms whose shares have been taken over in their majority by another industrial firm come up to expectations? K. Randolf Scheller evaluates the excess stock returns not only during an announcement period, but over a longer term period of up to five years. The author rejects the shareholder-value-maximizing hypothesis over longer term periods in this kind of transactions because the results of his study show significant negative abnormal returns. With a narrow majority the acquiring firm is not able to exercise sufficient control over the management of the target firm and its business policies in order to improve the performance of its investment.

About the author

Dr. K. Randolf Scheller studierte an der Wharton School (BS Economics) in Philadelphia und an der University of Chicago (MBA). Er promovierte am Lehrstuhl für Internationale Unternehmensfinanzierung von Prof. Dr. Gunter Dufey an der Wissenschaftlichen Hochschule für Unternehmensführung (WHU) in Koblenz. Er ist heute als Investment-Banker bei der Oertel-Scheller GmbH München/Hamburg tätig und unter www.oertel-scheller.de zu erreichen.

Bibliographic Information

  • Book Title: Performance of Corporate Acquisitions over the Medium Term in Germany

  • Authors: K. Randolf Scheller

  • DOI: https://doi.org/10.1007/978-3-663-08842-4

  • Publisher: Deutscher Universitätsverlag Wiesbaden

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Fachmedien Wiesbaden 1999

  • Softcover ISBN: 978-3-8244-6921-5Published: 22 June 1999

  • eBook ISBN: 978-3-663-08842-4Published: 02 July 2013

  • Edition Number: 1

  • Number of Pages: XXIII, 316

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Business and Management, general

Publish with us

Policies and ethics

Back to top

Search

Navigation