Chazi, Abdelaziz; Khallaf, Ashraf; Liu, Yi; Zantout, Zaher - In: The Quarterly Review of Economics and Finance 54 (2014) 3, pp. 371-381
We examine the short term stock price performance of firms that acquire or sell technology rights. We find significant positive announcement-period abnormal returns to the acquirers and sellers. However, the price increases reverse during the subsequent twenty trading days. These quick fortune...