Corpus ID: 15638367

Firm Locations and Takeover Likelihood

@inproceedings{Cai2010FirmLA,
  title={Firm Locations and Takeover Likelihood},
  author={Ye Cai},
  year={2010}
}
  • Ye Cai
  • Published 2010
  • We examine the impact of a firm’s geographic location on its takeover likelihood with a sample of U.S. public firms from 1980 to 2005. We first show that firms located in an urban area are 8.3% more likely to receive a takeover bid and 10.5% more likely to complete the takeover transaction than firms located in a non-urban area. Our findings are robust after controlling for various firm characteristics, alternative econometric specifications, and endogeneity in firm locations. We propose three… CONTINUE READING
    1 Citations

    Tables from this paper.

    The Effect of SFAS 141 and 142 on the Likelihood and the Form of Financing of Corporate Takeovers
    • 2
    • Highly Influenced

    References

    SHOWING 1-10 OF 45 REFERENCES
    The Impact of Firm Location on Equity Issuance
    • 113
    • PDF
    Trade-Offs in Staying Close: Corporate Decision Making and Geographic Dispersion
    • 224
    • PDF
    The Causes and Consequences of Venture Capital Stage Financing
    • 193
    Takeovers and the Cross-Section of Returns
    • 237
    • PDF
    Does Distance Still Matter? The Information Revolution in Small Business Lending
    • 1,829
    • Highly Influential
    • PDF
    Financial Structure, Acquisition Opportunities, and Firm Locations
    • 153
    Liquidity: Urban Versus Rural Firms
    • 273
    • Highly Influential
    • PDF
    What Matters in Corporate Governance?
    • 1,784
    • Highly Influential
    • PDF