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An Empirical Test of the Redistribution Effect in Pure Exchange Mergers

Published online by Cambridge University Press:  01 December 2009

Carol Ellen Eger
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Extract

Merger transactions involve differing degrees of change in capital structure and asset distribution. As a result, different forms of merger could have different effects on security values of the firms involved. Previous empirical studies primarily used samples that included all types of mergers. The present study examines the effect of one type of merger, pure stock exchange, on the values of the debt and equity of the firms involved.

Type
Selected Papers from the 1983 Annual Conference
Information
Journal of Financial and Quantitative Analysis , Volume 18 , Issue 4 , December 1983 , pp. 547 - 572
Copyright
Copyright © School of Business Administration, University of Washington 1983

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