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

^*Tämän työn vastaava kirjoittaja

Ei julkaistu Aalto-yliopiston affiliaatiolla

Tutkimustuotos: Lehtiartikkeli › Article › Scientific › vertaisarvioitu

3 Sitaatiot (Scopus)

Abstrakti

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.

Alkuperäiskieli	Englanti
Sivut	142-144
Sivumäärä	3
Julkaisu	Economics Letters
Vuosikerta	159
DOI - pysyväislinkit	https://doi.org/10.1016/j.econlet.2017.07.034
Tila	Julkaistu - 1 lokak. 2017
OKM-julkaisutyyppi	A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä

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10.1016/j.econlet.2017.07.034

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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 = "Corporate investments, Mergers and acquisitions, Private equity",

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

year = "2017",

month = oct,

day = "1",

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

language = "English",

volume = "159",

pages = "142--144",

journal = "Economics Letters",

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TY - JOUR

T1 - Financial versus strategic bidders

T2 - Evidence from unsuccessful takeover bids

AU - Blomkvist, Magnus

AU - Korkeamäki, Timo

PY - 2017/10/1

Y1 - 2017/10/1

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 - Corporate investments

KW - Mergers and acquisitions

KW - Private equity

UR - http://www.scopus.com/inward/record.url?scp=85026871398&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2017.07.034

DO - 10.1016/j.econlet.2017.07.034

M3 - Article

AN - SCOPUS:85026871398

SN - 0165-1765

VL - 159

SP - 142

EP - 144

JO - Economics Letters

JF - Economics Letters

ER -

Financial versus strategic bidders: Evidence from unsuccessful takeover bids

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