Bannister, James W.; Riahi‐Belkaoui, Ahmed - In: Managerial Finance 18 (1992) 5, pp. 14-30
This paper examines the ability of cash flow and earnings based measures of return to assess the differences between target firms and their industries and to explain target firms' abnormal returns during the takeover period. In a sample of 63 completed takeovers over the period 1977 to 1989,...