John, Kose; Mateti, Ravi S.; Shangguan, Zhaoyun; … - In: International Journal of Banking, Accounting and Finance 5 (2013) 1/2, pp. 188-204
private and public target firms. Consistent with the misvaluation hypothesis we find that acquirers are overvalued. The … that are overvalued at the time of acquisition. Announcement period returns are lower for larger acquisitions of public …