Aintablian, Sebouh; El Khoury, Wissam; M’Chirgui, Zouhaier - In: Studies in Economics and Finance 34 (2017) 2, pp. 260-280
Purpose This paper aims to examine empirically the role of toeholds in reducing asymmetric information in mergers and … hypotheses that asymmetric information is more observed in foreign acquisitions, in different industries, with tender offers and … efficacy of toeholds under asymmetric information. The ratio of target intangible assets to target total serves as a proxy for …