Lin, Ji-Chai; Stephens, Clifford P.; Wu, YiLin - In: Journal of Banking & Finance 42 (2014) C, pp. 283-301
takeover targets. This also leads their investors to face higher takeover risk, a systematic risk associated with economic … higher takeover probability in the first few years following their OMR announcements, and that the increase in takeover risk … takeover risk is larger for smaller firms, firms with poorer pre-announcement stock performance, and those attracting more …