The Role of the Media in Takeovers : Theory and Evidence

Using text-based media content, this paper develops and empirically confirms a theory that explains how the media predicts takeover outcomes. It shows that positive media content about the acquirer predicts takeover success. Relative to other predictors proposed in the literature, the media measure is the most important explanatory variable in terms of marginal effect, significance, and goodness of fit

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Year of publication:	2016
Authors:	Buehlmaier, Matthias M. M.
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Übernahme \| Takeover \| Kommunikationsmedien \| Communication media \| Theorie \| Theory \| Mediensektor \| Media industries \| Großbritannien \| United Kingdom

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Extent:	1 Online-Ressource (54 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 26, 2015 erstellt
Other identifiers:	10.2139/ssrn.1673164 [DOI]
Classification:	G34 - Mergers; Acquisitions; Restructuring; Corporate Governance ; C11 - Bayesian Analysis ; D82 - Asymmetric and Private Information ; C72 - Noncooperative Games
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013008806