Corpus ID: 168727457

Selling to buy : asset sales and mergers and acquisitions.

  title={Selling to buy : asset sales and mergers and acquisitions.},
  author={Nathan P. McNamee},
  • Nathan P. McNamee
  • Published 2017
  • Business
  • This thesis studies the effects of using proceeds from asset sales as a source of funding for mergers and acquisitions (M&As). The first empirical chapter investigates the financing decisions made by acquiring firms and seeks to test a new theoretical framework proposed by Edmans and Mann (2017) which models a firm’s funding choice between asset sales and equity offerings. Their theory identifies settings in which a firm may prefer to select one financing source over the other, which may… CONTINUE READING


    The Real Determinants of Asset Sales
    • 102
    • PDF
    The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are There Efficiency Gains?
    • 780
    • Highly Influential
    • PDF
    Equity and Cash in Intercorporate Asset Sales: Theory and Evidence
    • 27
    • Highly Influential
    Corporate Cash Reserves and Acquisitions
    • 1,579
    • Highly Influential
    R&D sensitivity to asset sale proceeds: New evidence on financing constraints and intangible investment
    • 87
    • Highly Influential
    Do Firms Have Leverage Targets? Evidence from Acquisitions
    • 261
    • PDF
    Financing Constraints and Corporate Investment
    • 5,375
    • PDF
    Value creation in corporate asset sales: The role of managerial performance and lender monitoring
    • 76
    • Highly Influential
    • PDF
    What Determines the Financing Decision in Corporate Takeovers: Cost of Capital, Agency Problems, or the Means of Payment?
    • 172
    • Highly Influential
    • PDF