Pension Plan Funding: M&A’S Poison Pill

12 Pages Posted: 8 Mar 2012

See all articles by Jayesh Kumar

Jayesh Kumar

Kotak Securities; Manappuram Finance Limited

Date Written: 2007

Abstract

This study examines the role of pension plan funding status on merger and acquisition (M&A) activity across a large sample of UK corporations. We explore how corporate activity in the M&A market is linked to the funding status of defined benefit pension plans. Pension deficits have a negative impact on the likelihood of firms being acquired, suggesting pension deficits act as a poison pill.

Keywords: M&A, Pension Plan Funding, Count Data Model

Suggested Citation

Kumar, Jayesh and Kumar, Jayesh, Pension Plan Funding: M&A’S Poison Pill (2007). Available at SSRN: https://ssrn.com/abstract=2017703 or http://dx.doi.org/10.2139/ssrn.2017703

Jayesh Kumar (Contact Author)

Manappuram Finance Limited ( email )

Valapad
Thrissur, 680567
India

Kotak Securities ( email )

Mumbai
Mumbai, 400050
India

HOME PAGE: http://www.kotaksecurities.com

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