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 of 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 exploring from a practical perspective issues such as transaction management, defensive strategies, and regulation in tender offers. Throughout the discussion, the book extensively employs advanced theories such as game theory, information economics, property rights theory, transaction cost economics, and other theories from law and economics to provide a thorough description of various theoretical models related to tender offers. It offers a relatively comprehensive framework of financial economics analysis for future theoretical and empirical research on tender offers in China, demonstrating prominent characteristics of being cutting-edge, multi-perspective, and pragmatic. The book is highly valuable as a reference for financial theory, practitioners, and students and faculty of finance.