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

Finansiell ekonomi, Helsingfors

Audencia Business School

Forskningsoutput: Tidskriftsbidrag › Artikel › Vetenskaplig › Peer review

3 Citeringar (Scopus)

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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.

Originalspråk	Engelska
Referentgranskad vetenskaplig tidskrift	Economics Letters
Volym	159
Nummer	October
Sidor (från-till)	142-144
Antal sidor	3
ISSN	0165-1765
DOI	https://doi.org/10.1016/j.econlet.2017.07.034
Status	Publicerad - 10.2017
MoE-publikationstyp	A1 Originalartikel i en vetenskaplig tidskrift

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512 Företagsekonomi

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10.1016/j.econlet.2017.07.034

Financial vs Strategic 25-7 EL FinalAccepterat manuskript, 37 KBLicens: CC BY-NC-ND

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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",

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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.

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KW - Mergers and acquisitions

KW - corporate investment

KW - Private equity

U2 - 10.1016/j.econlet.2017.07.034

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VL - 159

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JO - Economics Letters

JF - Economics Letters

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Financial versus strategic bidders: Evidence from unsuccessful takeover bids

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