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Institutional investment, mergers and the market for corporate control

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Institutional investment, mergers and the market for corporate control. / Cosh, A.D.; Hughes, A.; Lee, Kevin et al.
In: International Journal of Industrial Organization, Vol. 7, No. 1, 03.1989, p. 73-100.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

Cosh, AD, Hughes, A, Lee, K & Singh, A 1989, 'Institutional investment, mergers and the market for corporate control', International Journal of Industrial Organization, vol. 7, no. 1, pp. 73-100. https://doi.org/10.1016/0167-7187(89)90047-7

APA

Cosh, A. D., Hughes, A., Lee, K., & Singh, A. (1989). Institutional investment, mergers and the market for corporate control. International Journal of Industrial Organization, 7(1), 73-100. https://doi.org/10.1016/0167-7187(89)90047-7

Vancouver

Cosh AD, Hughes A, Lee K, Singh A. Institutional investment, mergers and the market for corporate control. International Journal of Industrial Organization. 1989 Mar;7(1):73-100. doi: 10.1016/0167-7187(89)90047-7

Author

Cosh, A.D. ; Hughes, A. ; Lee, Kevin et al. / Institutional investment, mergers and the market for corporate control. In: International Journal of Industrial Organization. 1989 ; Vol. 7, No. 1. pp. 73-100.

Bibtex

@article{5d6a54a3566f45dd965d98b00b9c8995,
title = "Institutional investment, mergers and the market for corporate control",
abstract = "The increasing importance of institutional investors as shareholders in individual companies has led to an important debate on their impact on corporate performance. In this paper we focus on their role in the market for corporate control. This has so far been the subject of very little systematic investigation, despite its theoretical and practical significance. We consider the impact of financial institutions using two U.K. merger samples, and employing both univariate and multivariate techniques of analysis. In the first sample drawn from the low merger period 1981–1983 pre- and post-merger differences are found between merging companies with, and without a significant institutional presence. However, in the takeover boom year of 1986, from which the second sample is drawn, all such distinctions become blurred.",
author = "A.D. Cosh and A. Hughes and Kevin Lee and Ajit Singh",
year = "1989",
month = mar,
doi = "10.1016/0167-7187(89)90047-7",
language = "English",
volume = "7",
pages = "73--100",
journal = "International Journal of Industrial Organization",
issn = "0167-7187",
publisher = "Elsevier Inc.",
number = "1",

}

RIS

TY - JOUR

T1 - Institutional investment, mergers and the market for corporate control

AU - Cosh, A.D.

AU - Hughes, A.

AU - Lee, Kevin

AU - Singh, Ajit

PY - 1989/3

Y1 - 1989/3

N2 - The increasing importance of institutional investors as shareholders in individual companies has led to an important debate on their impact on corporate performance. In this paper we focus on their role in the market for corporate control. This has so far been the subject of very little systematic investigation, despite its theoretical and practical significance. We consider the impact of financial institutions using two U.K. merger samples, and employing both univariate and multivariate techniques of analysis. In the first sample drawn from the low merger period 1981–1983 pre- and post-merger differences are found between merging companies with, and without a significant institutional presence. However, in the takeover boom year of 1986, from which the second sample is drawn, all such distinctions become blurred.

AB - The increasing importance of institutional investors as shareholders in individual companies has led to an important debate on their impact on corporate performance. In this paper we focus on their role in the market for corporate control. This has so far been the subject of very little systematic investigation, despite its theoretical and practical significance. We consider the impact of financial institutions using two U.K. merger samples, and employing both univariate and multivariate techniques of analysis. In the first sample drawn from the low merger period 1981–1983 pre- and post-merger differences are found between merging companies with, and without a significant institutional presence. However, in the takeover boom year of 1986, from which the second sample is drawn, all such distinctions become blurred.

U2 - 10.1016/0167-7187(89)90047-7

DO - 10.1016/0167-7187(89)90047-7

M3 - Journal article

VL - 7

SP - 73

EP - 100

JO - International Journal of Industrial Organization

JF - International Journal of Industrial Organization

SN - 0167-7187

IS - 1

ER -