Title: An Empirical Test of the Larson-Gonedes Exchange Ratio Determination Model
Abstract: The Journal of FinanceVolume 32, Issue 3 p. 749-759 Article AN EMPIRICAL TEST OF THE LARSON-GONEDES EXCHANGE RATIO DETERMINATION MODEL Robert L. Conn, Robert L. ConnSearch for more papers by this authorJames F. Nieisen, James F. NieisenAssistant Professor of Finance, Florida State University and Assistant Professor of Business Administration, Oregon State University, respectively. The following paper reflects several points made by Nicholas J. Gonedes and Marshall E. Blume which the authors appreciate and wish to acknowledge.Search for more papers by this author Robert L. Conn, Robert L. ConnSearch for more papers by this authorJames F. Nieisen, James F. NieisenAssistant Professor of Finance, Florida State University and Assistant Professor of Business Administration, Oregon State University, respectively. The following paper reflects several points made by Nicholas J. Gonedes and Marshall E. Blume which the authors appreciate and wish to acknowledge.Search for more papers by this author First published: June 1977 https://doi.org/10.1111/j.1540-6261.1977.tb01985.xCitations: 9 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL REFERENCES Federal Trade Commission. Large Mergers in Manufacturing and Mining 1948–1969, Statistical Report No. 5, Bureau of Economics, Washington, D.C., 1970. Ya-Lun Chou. Statistical Analysis: With Business and Economic Applications. New York: Holt, Rinehart and Winston, 1969, 440– 42. Michael Gort. “An Economic Disturbance Theory of Mergers”, Quarterly Journal of Economics, 83 (November, 1969), 624– 42. Charles W. Haley and Lawrence D. Schall. The Theory of Financial Decisions. New York: McGraw-Hill, 1973, 194– 95. Robert A. Haugen and Jon G. Udell. “Rates of Return to Stockholders of Acquired Companies”, Journal of Financial and Quantitative Analysis, VII (January, 1972), 1387– 98. Kermit D. Larson and Nicholas J. Gonedes. “ Business Combination: An Exchange Ratio Determination Model”, The Accounting Review (October, 1969), 720– 28. Heim Levy and Marshall Sarnat. “Diversification, Portfolio Analysis and the Uneasy Case For Conglomerate Mergers”, Journal of Finance, 25 (September, 1970), 795– 802. Wilbur G. Lewellen. “A Pure Financial Rationale for the Conglomerate Merger”, Journal of Finance, 26 (May, 1971), 521– 37. John Lintner. “Expectations, Mergers and Equilibrium in Purely Competitive Securities Markets”, American Economic Review, Papers and Proceedings, LXI (May, 1971), 101– 111. Ronald W. Melicher and Thomas H. Harter. “Stock Price Movements of Firms Engaged in Large Acquisition”, Journal of Financial and Quantitative Analysis, VII (March, 1972), 1469– 75. Ronald W. Melicher and David F. Rush. “The Performance of Conglomerate Firms: Recent Risk and Return Experience”, The Journal of Finance Papers and Proceedings, XXVIII (May, 1973), 381– 88. Jan Mossin. Theory of Financial Markets. Englewood Cliffs, New Jersey: Prentice-Hall, 1973, 78– 9. James F. Nielsen and Ronald W. Melicher, “A Financial Analysis of Acquisitions and Merger Premiums”, Journal of Financial and Quantitative Analysis, VIII (March, 1973), 139– 48. Uwe E. Reinhardt, Mergers and Consolidations: A Corporate Financial Approach. Morristown, New Jersey: General Learning Press, 1972. Richard A. Shick, “The Analysis of Merger and Acquisitions”, The Journal of Finance, XXVII (May, 1972), 495– 502. J. Fred Weston, “ The Determination of Share Exchange Ratios”, The Corporate Merger. Chicago: University of Chicago Press, 1966, 117– 38. J. Fred Weston Keith V. Smith, and Ronald E. Schrieves, “Conglomerate Performance Using the Capital Asset Pricing Model”, The Review of Economics and Statistics, LIV (November, 1972), 357– 363. Citing Literature Volume32, Issue3June 1977Pages 749-759 ReferencesRelatedInformation
Publication Year: 1977
Publication Date: 1977-06-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 7
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