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Full-Text Articles in Finance and Financial Management
The Equifax Hack Revisited And Repurposed, Hal Berghel
The Equifax Hack Revisited And Repurposed, Hal Berghel
Civil and Environmental Engineering and Construction Faculty Research
Reports on the recent indictments against Chinese hackers regarding Equifax.
The Impact Of Investor Protection Law On Global Takeovers: Lbo Vs. Non-Lbo Transactions, Xiaping Cao, Douglas Cummings, Jeremy C. Goh, Xiaoming Wang
The Impact Of Investor Protection Law On Global Takeovers: Lbo Vs. Non-Lbo Transactions, Xiaping Cao, Douglas Cummings, Jeremy C. Goh, Xiaoming Wang
Research Collection Lee Kong Chian School Of Business
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. The value effect of investor protection laws is more pronounced for LBOs than non-LBO takeover transactions. Among LBOs, investor protection’s value effect is lower for club deals than others. These results suggest that institutional context and legal environment determine the extent of value creation for takeovers around the world.