| dc.contributor.author | Pandey, Ajay | |
| dc.date.accessioned | 2010-10-19T06:24:00Z | |
| dc.date.available | 2010-10-19T06:24:00Z | |
| dc.date.copyright | 2001 | |
| dc.date.issued | 2001-10-19T06:24:00Z | |
| dc.identifier.uri | http://hdl.handle.net/11718/9772 | |
| dc.description | Vikalpa, Vol. 26, No. 3, (July-September, 2001), pp. 19-30 | en |
| dc.description.abstract | The empirical studies in the context of
developed countries have consistently pointed
out substantial valuation gains for target firms,
particularly in case of successful takeovers.
This effect has been "found to be higher for
tender offers compared to mergers and proxy
contests, the other forms of plays in the market
for corporate control. Subsequent to enactment
of takeover enabling regulations in 1997 in
India, takeovers and substantial acquisition of
shares necessitate making open offer to the
investors. Based on the empirical investigation
of 14 large (above Rs 10 crore) takeover related
open offers using event study methodology, we
document significant announcement effect (»
10%) associated with the takeovers in Indian
capital market. We also find that the target firm
valuations increase in the runup to
announcement. | |
| dc.language.iso | en | en |
| dc.subject | Takeover | en |
| dc.subject | Target | en |
| dc.title | Takeover announcements open offers, and shareholders return in target firms | en |
| dc.type | Article | en |
