The DOI matches its Crossref record; 43 of the 43 references it cites were found in a registry or an index.
Policy Uncertainty and Mergers and Acquisitions
Open accessAbstract
This research examines the relationship between policy uncertainty and mergers and acquisitions (M&As). We find that policy uncertainty is negatively related to firm acquisitiveness and positively related to the time it takes to complete M&A deals. In addition, policy uncertainty motivates acquirers to use stock for payment and to pay lower bid premiums. Acquirers, on average, create larger shareholder value from M&A deals undertaken during periods of high policy uncertainty, which is attributable to their prudence as well as the wealth transfer from the financially constrained targets to acquirers.
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Cites
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
Measuring Economic Policy Uncertainty*
Baker, S. R., Bloom, N., & Davis, S. J. (2016) · The Quarterly Journal of Economics · doi:10.1093/qje/qjw024 · Cited by 12,458
Schwartz, E. S., Dixit, A. K., & Pindyck, R. S. (1994) · The Journal of Finance · doi:10.2307/2329279 · Cited by 9,498
Dixit, R. K., & Pindyck, R. S. (1994) · doi:10.1515/9781400830176 · Cited by 9,029
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
The Impact of Uncertainty Shocks
(2009) · Econometrica · doi:10.3982/ecta6248 · Cited by 5,834
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Irreversibility, Uncertainty, and Cyclical Investment
Bernanke, B. S. (1983) · The Quarterly Journal of Economics · doi:10.2307/1885568 · Cited by 4,112
The Value of Waiting to Invest
McDonald, R., & Siegel, D. (1986) · The Quarterly Journal of Economics · doi:10.2307/1884175 · Cited by 3,596
What Matters in Corporate Governance?
Bebchuk, L., Cohen, A., & Ferrell, A. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn099 · Cited by 2,906
Cited by
Navigating through economic policy uncertainty: The role of corporate cash holdings
Duong, H. N., Nguyen, J. H., Nguyen, M., & Rhee, S. G. (2020) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2020.101607 · Cited by 367
Policy uncertainty, investment, and the cost of capital
Drobetz, W., El Ghoul, S., Guedhami, O., & Janzen, M. (2018) · Journal of Financial Stability · doi:10.1016/j.jfs.2018.08.005 · Cited by 341
Dividends and economic policy uncertainty: International evidence
Attig, N., El Ghoul, S., Guedhami, O., & Zheng, X. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2020.101785 · Cited by 268
The Impact of Foreign Sanctions on Firm Performance in Russia
Huynh, L. D. T., Hoang, K., & Ongena, S. R. G. (2023) · doi:10.2139/ssrn.4645442 · Cited by 30
Metadata
- Authors
- Nguyen, N. H., & Phan, H. V.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2017-04
- Volume
- 52
- Issue
- 2
- Pages
- 613-644
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W2586581208
- Cited by
- 622
- References
- 43
- FWCI
- 93.97
- Type
- journal article
- Language
- en
- Open access
- bronze
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
