Bargeron, Leonce L.; Lehn, Kenneth; Moeller, Sara B.; … - In: Journal of Corporate Finance 25 (2014) C, pp. 155-172
We examine whether disagreement between managers and investors, in the context of mergers and acquisitions, affects the information contained in bidder returns. We test the disagreement hypothesis, which posits that disagreement causes investors to be less certain about their revaluation of...