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Cited by 317

The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.

Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions

Open access
Wang, Cong, Xie, Fei·2009·Review of Financial Studies
DOI 10.1093/rfs/hhn018
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Abstract

We present evidence on the benefits of changes in control from mergers and acquisitions. We find that the stronger the acquirer's shareholder rights relative to the target's, the higher the synergy created by an acquisition. This result supports the hypothesis that acquisitions of firms with poor corporate governance by firms with good corporate governance generate higher total gains. We also find that the synergy effect of corporate governance is shared by target shareholders and acquiring shareholders, in that both target returns and acquirer returns increase with the shareholder-rights difference between the acquirer and the target.

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Cites

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Metadata

Authors
Wang, C., & Xie, F.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2008-03-26
Volume
22
Issue
2
Pages
829-858
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhn018
OpenAlex
W2084067017
Cited by
317
References
32
FWCI
35.10
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions. https://app.cochat.ai/papers/10.1093/rfs/hhn018
The paper
Wang, C., & Xie, F. (2009). Corporate Governance Transfer and Synergistic Gains from Mergers and Acquisitions. Review of Financial Studies. https://doi.org/10.1093/rfs/hhn018

Data sources

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.