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Cited by 286

The DOI matches its Crossref record; 42 of the 42 references it cites were found in a registry or an index.

Private and Public Merger Waves

Open access
MAKSIMOVIC, VOJISLAV, PHILLIPS, GORDON, YANG, LIU·2013·The Journal of Finance
DOI 10.1111/jofi.12055
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Abstract

We document that public firms participate more than private firms as buyers and sellers of assets in merger waves and their participation is affected more by credit spreads and aggregate market valuation. Public firm acquisitions realize higher gains in productivity, particularly for on‐the‐wave acquisitions and when the acquirer's stock is liquid and highly valued. Our results are not driven solely by public firms' better access to capital. Using productivity data from early in the firm's life, we find that better private firms subsequently select to become public. Initial size and productivity predict asset purchases and sales 10 and more years later.

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Crossref · 10.1111/jofi.12055

Cites

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Metadata

Authors
MAKSIMOVIC, V., PHILLIPS, G., & YANG, L.
Venue
The Journal of Finance
Publisher
Wiley
Published
2013-09-10
Volume
68
Issue
5
Pages
2177-2217
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/jofi.12055
OpenAlex
W2324882500
Cited by
286
References
42
FWCI
38.27
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Private and Public Merger Waves. https://app.cochat.ai/papers/10.1111/jofi.12055
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MAKSIMOVIC, V., PHILLIPS, G., & YANG, L. (2013). Private and Public Merger Waves. The Journal of Finance. https://doi.org/10.1111/jofi.12055

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.