Theoretical and Empirical Research on Tender Offers

Author: Wang Susheng
Publisher:
Publish Date: 2003-01-01
Features: This book first defines the concept of a tender offer, clarifies the significance of tender offers through a comparative analysis of acquisition methods for listed companies. Subsequently, it conducts an in-depth theoretical study of the wealth effect, public goods nature, transactional medium, and risk arbitrage of tender offers, while also exploring practical aspects such as transaction management, defensive strategies, and regulation from a practical perspective. Throughout the discussion, the book extensively utilizes advanced theories such as game theory, information economics, property rights theory, transaction cost economics, and other theories from law and economics to provide a profound description of various theoretical models related to tender offers. It offers a relatively complete framework for financial economics analysis, serving as a valuable reference for future theoretical and empirical research on tender offers in China. The book is characterized by its cutting-edge approach, multi-perspective analysis, and practicality, making it highly valuable for financial theorists, practitioners, and students and faculty in finance.