Financial versus strategic bidders: Evidence from unsuccessful takeover bids

Magnus Blomkvist; Timo Korkeamäki

doi:10.1016/j.econlet.2017.07.034

Financial versus strategic bidders: Evidence from unsuccessful takeover bids

Magnus Blomkvist, Timo Korkeamäki

Finance, Helsinki

Audencia Business School

Research output: Contribution to journal › Article › Scientific › peer-review

3 Citations (Scopus)

Abstract

Even failed takeovers can identify undervalued target firms. We find that compared to financial bidders, strategic buyers have a greater lasting valuation effect on the targets. Strategic bidders thus appear to be superior in identifying undervalued targets.

Original language	English
Peer-reviewed scientific journal	Economics Letters
Volume	159
Issue number	October
Pages (from-to)	142-144
Number of pages	3
ISSN	0165-1765
DOIs	https://doi.org/10.1016/j.econlet.2017.07.034
Publication status	Published - 10.2017
MoE publication type	A1 Journal article - refereed

Keywords

512 Business and Management
Mergers and acquisitions
corporate investment
Private equity

Access to Document

10.1016/j.econlet.2017.07.034

Financial vs Strategic 25-7 EL FinalAccepted author manuscript, 37 KBLicence: CC BY-NC-ND

OpenUrl availability

Full text

Cite this

@article{3fdfbb99eaae4f69b4926fc9bcf5f349,

title = "Financial versus strategic bidders: Evidence from unsuccessful takeover bids",

abstract = "Even failed takeovers can identify undervalued target firms. We find that compared to financial bidders, strategic buyers have a greater lasting valuation effect on the targets. Strategic bidders thus appear to be superior in identifying undervalued targets.",

keywords = "512 Business and Management, Mergers and acquisitions, corporate investment, Private equity",

author = "Magnus Blomkvist and Timo Korkeam{\"a}ki",

year = "2017",

month = oct,

doi = "10.1016/j.econlet.2017.07.034",

language = "English",

volume = "159",

pages = "142--144",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier BV",

number = "October",

}

TY - JOUR

T1 - Financial versus strategic bidders: Evidence from unsuccessful takeover bids

AU - Blomkvist, Magnus

AU - Korkeamäki, Timo

PY - 2017/10

Y1 - 2017/10

N2 - Even failed takeovers can identify undervalued target firms. We find that compared to financial bidders, strategic buyers have a greater lasting valuation effect on the targets. Strategic bidders thus appear to be superior in identifying undervalued targets.

AB - Even failed takeovers can identify undervalued target firms. We find that compared to financial bidders, strategic buyers have a greater lasting valuation effect on the targets. Strategic bidders thus appear to be superior in identifying undervalued targets.

KW - 512 Business and Management

KW - Mergers and acquisitions

KW - corporate investment

KW - Private equity

U2 - 10.1016/j.econlet.2017.07.034

DO - 10.1016/j.econlet.2017.07.034

M3 - Article

SN - 0165-1765

VL - 159

SP - 142

EP - 144

JO - Economics Letters

JF - Economics Letters

IS - October

ER -

Financial versus strategic bidders: Evidence from unsuccessful takeover bids

Abstract

Keywords

Access to Document

OpenUrl availability

Fingerprint

Cite this