Tereza Tykvová
Title
Prof. Dr.
Last Name
Tykvová
First name
Tereza
Email
tereza.tykvova@unisg.ch
Phone
+41 71 224 7090
7 results
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Item type:Publication, Poor Industry Conditions as an External Disciplining Mechanism in Takeovers(2023-03-08)Scopus© Citations 1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, How do leveraged buyouts affect industry peers? Analysis of the information and the competition channelsOur paper provides a contribution to the literature on peer effects in leveraged buyouts and delivers an explanation for the seemingly contradicting findings in the existing literature. We find that the average peer announcement CAR amounts to −1.98%. A buyout may reveal private information about peer value and can also change in the competition within the buyout target industry. Our identification strategy to examine the information and competition channels relies on two quasi-natural experiments, which generate exogenous variation in the information and competition environments. In addition, we analyze various mechanisms within these two channels by considering the cross-section of peer CARs and by running additional tests. Our results support the revaluation and the competitive pressure hypotheses.Type:journal articleJournal:Review of Financial EconomicsVolume:42Issue:1DOI:10.1002/rfe.1186Scopus© Citations 2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Connected VCs and strategic alliances: Evidence from biotech companies(2021-02)Scopus© Citations 13 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, IPO withdrawals: Are corporate governance and VC characteristics the guiding light in the rough sea of volatile markets?(2021-04)Scopus© Citations 24 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The role of strategic alliances in VC exits: evidence from the biotechnology industry(2020-08-20)Scopus© Citations 5 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Retail Customer Reactions to Private Equity Acquisitions(2024); Acquisition announcements by private equity funds are associated with significant reductions in customer visits to target firm outlets. These reductions occur in primary but not in secondary buyouts. The decrease is unlikely to be due to operational changes, as it takes place at announcement and reverses following deal completion. The decrease is larger for more salient deals and for outlets facing more competition, and smaller in areas with higher income, stock market participation, and self-employment rates. Customer and employee reviews do not become more negative. Survey results show that consumers view private equity ownership more negatively than other ownership types.Type:working paper - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Retail Customer Reactions to Private Equity Acquisitions *(2023-05-22); Acquisition announcements by private equity funds are associated with significant reductions in customer visits to target firm outlets, measured using aggregated mobile phone data. These reductions occur in primary but not in secondary buyouts. Customer reviews do not become more negative. Following deal completion, the customer losses are reversed. Thus, the initial decrease is unlikely to be the consequence of operational changes. The decrease in visits is smaller in areas with higher economic connectedness, income, stock market participation, and self-employment rates, and larger in altruistic, Republican-voting and individualistic regions. The decrease is also larger for outlets facing more competition.Type:working paper