The impact of investor protection law on global takeovers: LBO vs. non-LBO transactions
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DOI: 10.1016/j.intfin.2018.11.012
Abstract: This paper examines the impact of investor protection laws on value creation in LBOs versus non-LBO takeovers. We find that value creation measured by takeover premium is significantly higher in countries with better investor protection.… read more here.
Keywords: non lbo; investor; investor protection; value ... See more keywords