https://scholars.lib.ntu.edu.tw/handle/123456789/579983
標題: | The role of equity underwriting relationships in mergers and acquisitions | 作者: | Chen H.-C KENG-YU HO Weng P.-S Yeh C.-W. |
公開日期: | 2020 | 卷: | 64 | 來源出版物: | Pacific Basin Finance Journal | 摘要: | We examine the role of equity underwriting relationships in subsequent mergers and acquisitions (M&As). Firms, either the bidders or targets, tend to choose their M&A advisors with prior equity underwriting relationships. Consistent with the cost-saving hypothesis, retaining their prior underwriters as future advisors is related to cost reduction in the M&A advisory. Firms also experience shorter deal duration if they hire relationship advisors. This study contributes to the further understanding of how firms derive value from investment bank relationships. ? 2020 Elsevier B.V. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85096563175&doi=10.1016%2fj.pacfin.2020.101461&partnerID=40&md5=36844b899915e23d37dd30d4a8dac3f3 https://scholars.lib.ntu.edu.tw/handle/123456789/579983 |
ISSN: | 0927538X | DOI: | 10.1016/j.pacfin.2020.101461 |
顯示於: | 財務金融學系 |
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