Loan price in mergers and acquisitions

Gao, Ning; Hua, Cunqing; Khurshed, Arif

doi:10.1016/j.jcorpfin.2020.101754

Cited by 6 publications

(3 citation statements)

References 90 publications

(207 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Furthermore, the COVID-19 pandemic has reshaped the landscape of M&A restructuring, prompting firms to reevaluate their operational strategies and adapt to the new normal (Jones & Smith, 2020). Research by Gupta and Sharma (2021) highlights the accelerated adoption of remote work arrangements and digital collaboration tools as key enablers of restructuring efforts amidst the pandemic. As organizations navigate the complexities of remote work and distributed teams, restructuring initiatives have increasingly focused on leveraging technology to support virtual collaboration, enhance communication, and maintain productivity.…”

Section: Understanding Restructuring In Mergers and Acquisitionsmentioning

confidence: 99%

Measuring the Prospective Efficiency Gains from Restructuring in Mergers and Acquisitions

Andanika

2024

AMFR

View full text Add to dashboard Cite

The purpose of this study is to investigate the multifaceted factors influencing the success of post-merger integration (PMI) efforts in mergers and acquisitions (M&A) transactions. Employing a comprehensive literature review, this research explores the interplay between internal organizational dynamics, external environmental factors, and the adoption of digital technologies in shaping PMI outcomes. The research design involves a systematic analysis of existing literature on M&A transactions, organizational behavior, leadership, technology adoption, and regulatory compliance. Findings indicate that proactive leadership, effective communication, and transparent decision-making are essential components of successful PMI efforts, facilitating organizational cohesion and minimizing resistance to change. Furthermore, the role of technology and digitalization emerges as crucial in enhancing operational efficiency and driving value creation in the post-merger context. Implications of the study suggest that organizations engaged in M&A activities should adopt a holistic and strategic approach to restructuring initiatives, considering both internal and external factors, to maximize the likelihood of successful PMI. Addressing regulatory challenges, market uncertainties, and technological considerations are imperative for realizing the full potential of efficiency gains from restructuring. This study contributes to the body of knowledge by highlighting the complexity of M&A transactions and providing insights into effective strategic decision-making practices for PMI success.

show abstract

Section: Understanding Restructuring In Mergers and Acquisitionsmentioning

confidence: 99%

Measuring the Prospective Efficiency Gains from Restructuring in Mergers and Acquisitions

Andanika

2024

AMFR

View full text Add to dashboard Cite

show abstract

“…We also employ a narrower version of the financing variable, Borrowing narrow, which is equal to one only if the credit facility is intended for the financing of the corresponding M&A deal, and zero otherwise. 12 We note, however, that the variable Borrowing narrow may underestimate an acquirer's use of external borrowing to finance M&A deals, as in some cases even loan facilities classified as "Corp. Purpose" can be used for financing acquisition deals (Gao et al, 2018). 13…”

Section: Deal Financing Datamentioning

confidence: 99%

Financial hedging and corporate investment

Alexandridis¹,

Chen²,

Zeng³

2021

Journal of Corporate Finance

View full text Add to dashboard Cite

“…The insulation effects of tighter bank-firm relationships were still present during the European sovereign debt crisis, especially for firms tied to well-capitalized banks. Gao et al (2018) investigate loan prices in mergers and acquisitions (M&As), using hand-matched loan in-formation for a sample of 330 U.S. M&A transactions. They find the loan price measured by the all-in-drawn spread (AIDS) increases significantly with the relative size of a deal and decreases with the proportion of stocks offered in the consideration.…”

Section: Size Effect and Relationship Lendingmentioning

confidence: 99%

The Effect of Iranian Banks' Merger on Financing

Ahmadyan

2020

J. Mon. Ec.

View full text Add to dashboard Cite

The merger of banks is one of the methods for reforming the structure of banks, which has attracted Iranian banking policymakers in recent years. In the process of merging, paying attention to its effects can help to integrate banks. In Iran's banking network, financing of production is one of the main concerns of banking policymakers. Therefore, it is important to study the effect of banks' integration on financing. In this paper, considering the importance of this issue, using the financial statements of banks in the period 2006-2018, and the Panel Data method, the effect of the merger of banks on financing has been investigated. The static method has been used to integrate banks. For this reason, banks have been considered in terms of size and health. The results of the survey indicate that the merger of small banks with large banks and the merger of healthy banks, as compared to other options, have a more positive effect on the supply of facilities.

show abstract

Loan price in mergers and acquisitions

Cited by 6 publications

References 90 publications

Measuring the Prospective Efficiency Gains from Restructuring in Mergers and Acquisitions

Measuring the Prospective Efficiency Gains from Restructuring in Mergers and Acquisitions

Financial hedging and corporate investment

The Effect of Iranian Banks' Merger on Financing

Contact Info

Product

Resources

About