OWNERSHIP STRUCTURE AND POST-TAKEOVER PERFORMANCE OF MALAYSIAN ACQUIRING FIRMS

This study examines the interaction effects of firms' family ownership and the largest shareholders of corporate acquirers and how these influence the post-takeover performance of Malaysian public listed firms. The post-takeover performances of the acquiring firms are found to be contingent on...

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Bibliographic Details
Published in:The Asia Pacific journal of economics & business 2010-12, Vol.14 (2), p.20
Main Authors: Song, Saw-Imm, Rath, Subhrendu
Format: Article
Language:English
Subjects:
Acquisitions & mergers
Business ownership
Capital markets
Consolidation
Economic crisis
Emerging markets
Hypotheses
Impact analysis
Public companies
Stock exchanges
Stockholders
Studies
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Summary:This study examines the interaction effects of firms' family ownership and the largest shareholders of corporate acquirers and how these influence the post-takeover performance of Malaysian public listed firms. The post-takeover performances of the acquiring firms are found to be contingent on the concentration of the largest shareholders and of family ownership. The evidence suggests that agency problems associated with takeovers are reduced through ownership concentration and family holdings. [PUBLICATION ABSTRACT]
ISSN:1326-8481