Zagazig University Digital Repository
Home
Thesis & Publications
All Contents
Publications
Thesis
Graduation Projects
Research Area
Research Area Reports
Search by Research Area
Universities Thesis
ACADEMIC Links
ACADEMIC RESEARCH
Zagazig University Authors
Africa Research Statistics
Google Scholar
Research Gate
Researcher ID
CrossRef
Unlocking the mergers and acquisitions puzzle in the United Arab Emirates: Investigating the impact of corporate leverage on target selection and payment methods
Faculty
Commerce
Year:
2024
Type of Publication:
ZU Hosted
Pages:
Authors:
Moatazbellah Ahmed Moamen Mohamed Moner Elmasry
Staff Zu Site
Abstract In Staff Site
Journal:
PLOS ONE Zagazig University
Volume:
Keywords :
Unlocking , mergers , acquisitions puzzle , , United Arab Emirates: Investigating
Abstract:
Following a long stream of literature on the drivers of Mergers and Acquisition (M&A) activities, this study examines the effect of corporate leverage on several decisions of M&A deals in the context of the United Arab Emirates (UAE). Using M&A data from the Thomson One database for the period between 2005 and 2022, we find that corporate leverage significantly influences the type of M&A target. This study further adds to the prior literature on the contradictory behaviours of high and low leverage firms by examining whether acquisition decisions differ amongst them in M&A deals in the UAE context. Results indicate that high (low) leverage firms are less (more) likely to acquire private targets and more (less) inclined to acquire a target from a different (same) industry. Furthermore, our results show that the relationship between the method of payment used in M&A deals and corporate leverage is insignificant. We control for endogeneity using Heckman’s two-stage method. In brief, this paper extends the literature with conclusive evidence that considerations of capital structure can significantly anticipate and explain firms’ behaviour toward M&A choices. The implication of findings may include a call to reform some aspects of the Competition Law in the UAE by requiring private firms to enhance their disclosure practices similar to their public counterparts.
Author Related Publications
Moatazbellah Ahmed Moamen Mohamed Moner Elmasry, "Rethinking budgetary slack as budget risk management", Emeraldinsight, 2011
More
Moatazbellah Ahmed Moamen Mohamed Moner Elmasry, "Real earnings manipulation surrounding mergers and acquisitions: the targets’ perspective", Zagazig University, 2021
More
Moatazbellah Ahmed Moamen Mohamed Moner Elmasry, "Integrated reporting, textual risk disclosure and market value", Zagazig University, 2021
More
Moatazbellah Ahmed Moamen Mohamed Moner Elmasry, "Does external assurance stimulate higher CSR performance in subsequent periods? The moderating effect of governance and firm visibility", Zagazig University, 2022
More
Moatazbellah Ahmed Moamen Mohamed Moner Elmasry, "Corporate social responsibility, business strategy and governance performance", Zagazig University, 2023
More
Department Related Publications
Abubakr Mohamed Ahmed Yousef, "Audit delay and the effective role of the quality of the function of internal audit: an empirical study", مجلة البحوث التجارية, 2015
More
Ahmed Attia Ali Attia Sarhaan, "Corporate boards, shareholding structures and voluntary disclosure in emerging MENA economies", Journal of Accounting in Emerging Economies, 2019
More
Ahmed Attia Ali Attia Sarhaan, "Firm- and country-level antecedents of corporate governance compliance and disclosure in MENA countries", Managerial Auditing Journal, 2018
More
Elsayed Ahmed Mahmoud Fouda, "أثر كفاءة التكلفة على العلاقة بين القدرة الإدارية والأداء المالى المستقبلى فى القطاعين الخاص والأعمال العام: دراسة اختبارية على الشركات المساهمة المصرية", كلية التجارة الإسماعيلية جامعة قناة السويس, 2020
More
Ahmed Mohamed Ahmed Attya, "Appraising healthcare systems’ efficiency in facing COVID-19 through data envelopment analysis", Growing Science, 2021
More
جامعة المنصورة
جامعة الاسكندرية
جامعة القاهرة
جامعة سوهاج
جامعة الفيوم
جامعة بنها
جامعة دمياط
جامعة بورسعيد
جامعة حلوان
جامعة السويس
شراقوة
جامعة المنيا
جامعة دمنهور
جامعة المنوفية
جامعة أسوان
جامعة جنوب الوادى
جامعة قناة السويس
جامعة عين شمس
جامعة أسيوط
جامعة كفر الشيخ
جامعة السادات
جامعة طنطا
جامعة بنى سويف