The art of capital restructuring: creating shareholder value through mergers and acquisitions

The most up-to-date guide on making the right capital restructuring moves TheArt of Capital Restructuring provides a fresh look at the current state of mergers, acquisitions, and corporate restructuring around the world. The dynamicnature of M&As requires an evolving understanding of the field, and this bookconsiders several different forms of physical restructuring such as divestitures as well as financial restructuring, which refers to alterations in the capital structure of the firm. The Art of Capital Restructuring not only explainsthe financial aspects of these transactions but also examines legal, regulatory, tax, ethical, social, and behavioral considerations. In addition to this timely information, coverage also includes discussion of basic concepts, motives, strategies, and techniques as well as their application to increasingly complex, real-world situations. Emphasizes best practices that lead to M&A success Contains important and relevant research studies based on recent developments in the field Comprised of contributed chapters from both experienced professionals and academics, offering a variety of perspectives and a rich interplay of ideas Skillfully blending theory with practice, this book will put you in abetter position to make the right decisions with regard to capital restructuring in today's dynamic business world. INDICE: Acknowledgments. 1 Mergers, Acquisitions, and Corporate Restructuring: An Overview (H. Kent Baker and Halil Kiymaz). Part I Background. 2 MergerWaves (Jarrad Harford). 3 Takeover Regulation (Marina Martynova and Luc Renneboog). 4 Corporate Governance and M&As (Fei Xie). 5 Ethical and Social Issues in M&As (Robert W. McGee). 6 Theoretical Issues on Mergers, Acquisitions, and Divestitures (Abdul H. Rahman). 7 The Short-term and Long-term Performance of M&As (Shantanu Dutta and Samir Saadi). Part II Valuation. 8 Standard ValuationMethods for M&As (Pablo Fernandez). 9 Real Options and Their Impact on M&As (Hemantha Herath and John S. Jahera Jr.). 10 The Law and Finance of Control Premia and Minority Discounts (Helen Bowers). 11 Cross-Border Valuation Effects in Developed and Emerging Markets (Wenjie Chen). Part III The M&A Deal Process.12 Sources of Financing and Means of Payments in M&As (Marina Martynova and Luc Renneboog). 13 Cultural Due Diligence (Ronald F. Piccolo and Mary Bardes). 14 Negotiation Process, Bargaining Area, and Contingent Payments (William A. Grimm). 15 Merger Negotiations: Takeover Process, Selling Procedure, and Deal Initiation (Nihat Aktas and Eric De Bodt). 16 Post-Acquisition Planning and Integration (Olimpia Meglio and Arturo Capasso). 17 Organizational and Human Resource Issues in M&As (Siddhartha S. Brahma). Part IV Takeovers and Behavioral Effects. 18 Takeover Strategies (Shailendra Pandit). 19 Defensive Strategies inTakeovers (Christian Rauch and Mark Wahrenburg). 20 The Impact of Restructuring on Bondholders (Luc Renneboog and Peter G. Szilagyi). 21 Behavioral Effectsin M&As (Jens Hagendorff). Part V Recapitalization and Restructuring. 22 Financial Restructuring (Otgontsetseg Erhemjamts and Kartik Raman). 23 Going Private and Leveraged Buyouts (Onur Bayar). 24 International Takeovers and Restructuring (Rita Biswas). Part VI Special Topics. 25 Joint Ventures and Strategic Alliances: Alternatives to M&As (Tomas Mantecon and James A. Conover). 26 Fairness Opinions in M&As (Seven M. Davidoff, Anil K. Makhija, and Rajesh P. Narayanan). 27 How Initial Public Offerings Affect M&A Markets: The Dual Tracking Phenomenon (Roberto Ragozzino and Jeffrey J. Reuer). 28 The Diversification Discount (Seoungpil Ahn). 29 Partial Acquisitions: Motivation and Consequences on Firm Performance (Pengcheng Zhu and Shantanu Dutta). Answers to End-of-ChapterDiscussion Questions. Index.

• ISBN: 978-0-470-56951-1
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 600
• Fecha Publicación: 18/05/2011
• Nº Volúmenes: 1
• Idioma: Inglés