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ŞİRKET KONTROLÜ VE YATIRIM FİNANSMANI SEÇİMİ: ŞİRKET SATIN-ALMALARI VAKASI

Year 1995, , 75 - 77, 05.06.1995
https://doi.org/10.14783/maruoneri.708610

Abstract

Barada, şirket kontrolü düşüncesinin
yatırım fînasmanı araçlarını yönlendirmesi nakit
(veya borç) veya hisse senedi, önerisi test
edilecektir. Kontrole önem veren şirket
içindekiler (corporate inciders) ellerindeki hisse
senedi miktarını sulandıracak ve kontrolü
kaybetme riskini yükseltecek yeni hisse senedi
çıkartılmasından ziyade nakit veya borç yoluyla
yatırımların finansmanı şeklini tercih
edeceklerdir.

References

  • Agravval, A.and G. Mandelker, 1987, Managerial incentives and corporate investment and financing decisions, Journal o/Finance 42, 823-837.
  • Amihud, Y., 1989, Leveraged management buyouts and shareholders wealth, in Y.Amihud, ed: Leveraged Management Buyouts (Dow Jones-Irvvin, Homewood, IL).
  • ' P.Dod, and M.Weinstein, 1986 Conglomerate mergers, managerial motive and stockholders wealth, Journal o f Banking and Finance 10, 401-410.
  • _______ , and B.Lev, 1981, Risk reduction as a managerial motive for conglomerate merger, Bell Journal ofEconomics 12 ,605-617.
  • Auerbach, AJ.and D.Reishus, 1988, The impact o f taxation on mergers and acquistions, in A Aurbech, ed.: Mergers andAcguistions (University of Chicago Press, Chicago, İL).
  • Bemea, A , R. Haugen, and L.Senbet, 1981, An equilibrium analysis of debt financing under costly tax arbitrage and L.Senbet, 1981, An equilibrium analysis o f debt financing under costly tax arbitrage and agency problems, Journal o f Finance 36, 569-581.
  • Carleton, W., D.Guilkey, R. Harris, and J.Stewart, 1983, An empirical analysis of the role of the medhım of exhange in mergers, Journal ofFinansce 3 8 ,813-826.
  • De Angelo, H.and R.Masulis, 1980, Optimal capital structure under corporate and personal taxation, Journal of Financial Economics 8, 3-30.
  • Demsetz, H.and K.Lehn, 1985, The structure of coıporate ownership: Causes and consequences, Journal ofpoliîical Economy 9 3 ,1155-1177.
  • Eckbo, B.E., R.Giammarino, and R.Heinkel, 1988, Asymmetric infomıation and the medium of exchange in takeovers: Theory and evidence, Working Paper, University o f British Columbia.
  • Fishman, M.J., 1989, Preemptive bidding and the role of the medium of exchange in acpuisitions, Journal of Finance 44, 41-57.
  • Franks, J., R.S.Hanis, and C.Mayer, 1988, Means of payment in takeovers: Results for the U.K. and the U.S., in AAurbach, ed: Mergers and Acquistions (University of Chicago Press, Chicago, IL).
  • Friend, I.and J.Hasbrouck, 1987, Determinants of Capital structure, in A Chen, cd Research in Finance, Vol.7 (JAI Press, Inc., Greenrvich, CT).
  • -------------,and L.Lang, 1988, An empirical test of the impact of managerial self interest on corporate Capital structure, Journal o f Finance 43,211 -281.
  • Hansen, R.G., 1984 Information asymmetcy and the means of payment in auction, Working Paper, Amos Tuck School of Busineess, Dartmouth College.
  • -------------, 1987, A theory for the choice of exchange medium in mergers and acquisitions, Journal o f Business 60, 75-95.
  • Harris, M.and ARaviv, 1988, Corporate control contests and Capital structure, Journal o f Financial Economics 20, 55-86.
  • Huang, Y.S. and R.A Walking, 1987, Target abnormal retums associated with acquisition annoımcements. Journal o f Financial Economics 19, 329-349.
  • Kim. W. S.and E.Sorensen, 1986, Evidence on the impact of the agency costs of debt on corporate debt policy, Journal of Financial and Quantitative Analysis 21,131-144.
Year 1995, , 75 - 77, 05.06.1995
https://doi.org/10.14783/maruoneri.708610

Abstract

References

  • Agravval, A.and G. Mandelker, 1987, Managerial incentives and corporate investment and financing decisions, Journal o/Finance 42, 823-837.
  • Amihud, Y., 1989, Leveraged management buyouts and shareholders wealth, in Y.Amihud, ed: Leveraged Management Buyouts (Dow Jones-Irvvin, Homewood, IL).
  • ' P.Dod, and M.Weinstein, 1986 Conglomerate mergers, managerial motive and stockholders wealth, Journal o f Banking and Finance 10, 401-410.
  • _______ , and B.Lev, 1981, Risk reduction as a managerial motive for conglomerate merger, Bell Journal ofEconomics 12 ,605-617.
  • Auerbach, AJ.and D.Reishus, 1988, The impact o f taxation on mergers and acquistions, in A Aurbech, ed.: Mergers andAcguistions (University of Chicago Press, Chicago, İL).
  • Bemea, A , R. Haugen, and L.Senbet, 1981, An equilibrium analysis of debt financing under costly tax arbitrage and L.Senbet, 1981, An equilibrium analysis o f debt financing under costly tax arbitrage and agency problems, Journal o f Finance 36, 569-581.
  • Carleton, W., D.Guilkey, R. Harris, and J.Stewart, 1983, An empirical analysis of the role of the medhım of exhange in mergers, Journal ofFinansce 3 8 ,813-826.
  • De Angelo, H.and R.Masulis, 1980, Optimal capital structure under corporate and personal taxation, Journal of Financial Economics 8, 3-30.
  • Demsetz, H.and K.Lehn, 1985, The structure of coıporate ownership: Causes and consequences, Journal ofpoliîical Economy 9 3 ,1155-1177.
  • Eckbo, B.E., R.Giammarino, and R.Heinkel, 1988, Asymmetric infomıation and the medium of exchange in takeovers: Theory and evidence, Working Paper, University o f British Columbia.
  • Fishman, M.J., 1989, Preemptive bidding and the role of the medium of exchange in acpuisitions, Journal of Finance 44, 41-57.
  • Franks, J., R.S.Hanis, and C.Mayer, 1988, Means of payment in takeovers: Results for the U.K. and the U.S., in AAurbach, ed: Mergers and Acquistions (University of Chicago Press, Chicago, IL).
  • Friend, I.and J.Hasbrouck, 1987, Determinants of Capital structure, in A Chen, cd Research in Finance, Vol.7 (JAI Press, Inc., Greenrvich, CT).
  • -------------,and L.Lang, 1988, An empirical test of the impact of managerial self interest on corporate Capital structure, Journal o f Finance 43,211 -281.
  • Hansen, R.G., 1984 Information asymmetcy and the means of payment in auction, Working Paper, Amos Tuck School of Busineess, Dartmouth College.
  • -------------, 1987, A theory for the choice of exchange medium in mergers and acquisitions, Journal o f Business 60, 75-95.
  • Harris, M.and ARaviv, 1988, Corporate control contests and Capital structure, Journal o f Financial Economics 20, 55-86.
  • Huang, Y.S. and R.A Walking, 1987, Target abnormal retums associated with acquisition annoımcements. Journal o f Financial Economics 19, 329-349.
  • Kim. W. S.and E.Sorensen, 1986, Evidence on the impact of the agency costs of debt on corporate debt policy, Journal of Financial and Quantitative Analysis 21,131-144.
There are 19 citations in total.

Details

Primary Language Turkish
Journal Section Eski Sayılar
Authors

Yakov Amihud This is me

Translators

Müge İşeri This is me

Altan Masun This is me

Publication Date June 5, 1995
Published in Issue Year 1995

Cite

APA Amihud, Y. (1995). ŞİRKET KONTROLÜ VE YATIRIM FİNANSMANI SEÇİMİ: ŞİRKET SATIN-ALMALARI VAKASI (M. İşeri & A. Masun, Trans.). Öneri Dergisi, 1(3), 75-77. https://doi.org/10.14783/maruoneri.708610

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