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Padma Rao Sahib
University of Groningen
40Publications
8H-index
454Citations
Publications 40
Newest
#1Hans ten Brug (UG: University of Groningen)
#2Padma Rao Sahib (UG: University of Groningen)H-Index: 8
High profile deals emphasize the costs of the merger and acquisition (M&A) process particularly when deals fail before closure. However, beyond anecdotal evidence, we do not know why some M&A deals in the electricity and gas industries are abandoned. We analyze a sample of over 5000 M&As in the electricity and gas industries. The three most important factors affecting M&A abandonment are if the acquirer engaged in a divestiture at the same time, whether the target firm was publicly owned, and if...
#1Desislava DikovaH-Index: 10
#2Padma Rao SahibH-Index: 8
This paper links two streams of literature, specifically, one concerning executive compensation that is primarily rooted in finance and the other that is related to cross-border M&A activity and th...
#1Trang Thu Doan (VNUHCM: Vietnam National University, Ho Chi Minh City)H-Index: 1
#2Padma Rao Sahib (UG: University of Groningen)H-Index: 8
Last.Witteloostuijn van Arjen (VU: VU University Amsterdam)H-Index: 33
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Abstract We examine whether experience from prior divestitures is associated with higher completion likelihood in subsequent acquisitions. We argue that through divestitures, firms could extract meaningful knowledge that is helpful for completing their acquisitions, such as a general understanding of acquisition deal-making stages, and the stories and aims of the target in an M&A transaction. In addition, viewing divestitures as the flipside of acquisitions, we conjecture that the selling firm c...
Many announced cross-border mergers and acquisitions (M&As) are never brought to completion despite potential negative consequences to acquirers and targets. This paper presented evidence on the dynamic effects of spatial distance and two industry-level characteristics, namely industry relatedness between the two firms and technological intensity, on the completion likelihood of cross-border M&A deals. Based on a sample of 8,489 M&A transactions we found that the completion likelihood of cross-b...
#1Padma Rao SahibH-Index: 8
Last.Hans van EesH-Index: 14
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This paper examines how firm growth, and its decomposition into acquisitive and organic growth, can serve as an antecedent to the disparity in pay between the CEO and other top management team (TMT) members. Drawing on tournament theory, we argue that acquisitive and organic growth strategies have different effects on CEO-TMT pay disparity. We find that acquisitive growth, measured through the number and size of acquisitions, increases CEO-TMT pay disparity while organic growth has no effect on ...
#1Trang Thu Doan (University of Antwerp)H-Index: 1
#2Padma Rao Sahib (UG: University of Groningen)H-Index: 8
Last.Witteloostuijn van Arjen (Cardiff University)H-Index: 33
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This paper investigates two important issues in the pre-merger process, namely the probability to complete an announced M&A deal and the time needed to complete the process. First, through a content analysis of the 150 largest abandoned announced M&A deals between 2000 and 2010, we demonstrate that defense from the target, competing bidders, regulatory concerns, and acquirer opposition are major roadblocks that firms might face during the pre- merger process. Moreover, these hurdles can jointly ...
#1Trang Thu DoanH-Index: 1
#2Padma Rao SahibH-Index: 8
Last.Witteloostuijn van ArjenH-Index: 33
view all 3 authors...
In this paper, we investigate whether firms can learn to make acquisitions from a related corporate restructuring activity, namely divestitures or sell-offs. We suggest that through divestitures, firms could extract meaningful knowledge that helps them to complete future acquisitions, such as a general understanding of acquisition deal-making stages, and the stories and needs of the target in an M&A transaction. In addition, viewing divestitures as the flipside of acquisitions, we conjecture tha...
#1Kees van VeenH-Index: 6
#2Padma Rao SahibH-Index: 8
Last.Evelien Aangeenbrug (UG: University of Groningen)H-Index: 1
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In this paper, it is argued that boards internationalize by recruiting international directors in order to increase companies’ performance. However, increasing nationality diversity on a board can be costly considering that it potentially creates cooperative problems on a board due to fault-lines and separation processes. As a result, boards will prefer international candidates who are more similar to themselves on a variety of ‘distances’. Based on data collected regarding 5683 board members of...
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