This article presents the trading behaviours of individual and institutional investors in Korean mergers and acquisitions market. Based on Chen <italic>et al.</italic> (2007), we consider a bidder's negative abnormal announcement-period return as a measure for bad merger. To investigate the investor trading...

This article examines the abnormal trading patterns by investor types around corporate mergers in the Korean financial market. Extending Han and Chung (2013), I investigate standardized abnormal net buy (SANB) of institutional and individual investors around both good and bad merger...