Alexandridis, George; Antoniou, Antonios; Zhao, Huainan - In: European Financial Management 12 (2006) 5, pp. 747-762
"We examine the relation between the degree of short sale constraints for acquiring firms' equity and post takeover stock performance. We find that negative long-run abnormal returns appear to decline (in economic and statistical terms) as the extent and persistence of institutional block-holder...