Firm Locations and Takeover Likelihood
@inproceedings{Cai2010FirmLA, title={Firm Locations and Takeover Likelihood}, author={Ye Cai}, year={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
One Citation
The Effect of SFAS 141 and 142 on the Likelihood and the Form of Financing of Corporate Takeovers
- Business
- 2016
- 2
- Highly Influenced
References
SHOWING 1-10 OF 45 REFERENCES
Does Distance Still Matter? The Information Revolution in Small Business Lending
- Business, Economics
- 2000
- 1,860
- Highly Influential
- PDF