Minority Shareholders’ Wealth Effects and Stock Market Development: Evidence from Increase-in-Ownership M&As
(2009)
Journal Article
Croci, E., & Petmezas, D. (2010). Minority Shareholders’ Wealth Effects and Stock Market Development: Evidence from Increase-in-Ownership M&As. Journal of Banking and Finance, 34(3), 681-694. https://doi.org/10.1016/j.jbankfin.2009.09.003
This paper examines, using a global M&A data set, the relationship between the target firm’s minority shareholders’ returns and a country’s stock market development in deals in which large shareholders increase their ownership stakes. For the purpose... Read More about Minority Shareholders’ Wealth Effects and Stock Market Development: Evidence from Increase-in-Ownership M&As.