Corporate Governance and Regulatory Impact on Mergers and Acquisitions: Research and Analysis on Activity Worldwide Since 1990 »

Greg Gregoriou is Professor of Finance in the School of Business and Economics at State University of New York at Plattsburgh. He obtained his Ph.D. (finance) from the University of Quebec at Montreal and is hedge fund editor for the peer-reviewed scientific journal Derivatives Use, Trading and Regulation and editorial board member for the Journal of Wealth Management and the Journal of Risk and Financial Institutions. He has authored over 50 articles on hedge funds, and managed futures in various U.S. and U.K. peer-reviewed publications, including the Journal of Portfolio Management, Journal of Derivatives Accounting, Journal of Futures Markets, European Journal of Operational Research, Annals of Operations Research, European Journal of Finance and Journal of Asset Management, etc. He has edited 18 books for Elsevier, Wiley, Palgrave-MacMillan and Risk and has co-authored one book for Wiley.

Corporate Governance and regulatory presssures have been much in the news lately. How they affect the bottom line of corporations has been difficult to quantify, and research is just beginning to be published that address this crucial question. This book is the first collection fo new research about the impact of takeover regulation and corporate governance on M&A financial results. It will be essential reading to any M&A specialist, an investment banker, a hedge fund manager, a private equity director, or a venture capitalist. Also a must read for financial analysts who follow M&A targets. The book presents research from around the world so it provides a global perspective on this important topic.

*The first and only book of research on takeover regulation and corporate governance affecting M&A results
*Stands out from all the "How to" books on M&A and M&A disaster books because it provides solid high-quality research on what works and how different decisions affect company and shareholder value
*Research provides a guideline for decisionmakers in investment banks, private equity companies, and for financial analysts

Acknowledgments     vii
About the editors     ix
List of contributors     xi
Understanding mergers and acquisitions: corporate governance and regulatory issues   Greg N. Gregoriou   Luc Renneboog     1
The effect of merger laws on merger activity: international evidence   Arturo Bris   Christos Cabolis   Vanessa Janowski     15
The governance motive in cross-border mergers and acquisitions   Stefano Rossi   Paolo Volpin     43
Corporate governance convergence through cross-border mergers: the case of Aventis   Arturo Bris   Christos Cabolis     71
Whither hostility?   William W. Bratton     103
Corporate governance and acquisitions: acquirer wealth effects in the Netherlands   Abe de Jong   Marieke van der Poel   Michiel Wolfswinkel     131
European Union takeover regulation and the one-share one-vote controversy   Arman Khachaturyan   Joseph A. McCahery     163
Opportunities in the merger and acquisition aftermarket: squeezing out and selling out   Christoph Van der Elst   Lientje Van den Steen     191
Valuation methods and German merger practice   Wolfgang Breuer   Martin Jonas   KlausMark     243
Share buybacks, institutional investors, and corporate control   Paul U. Ali     259
Index     275