Chen, Yugang; Lu, Jihua; Ma, Weidong; Kumar, Satish; … - In: Research in international business and finance 71 (2024), pp. 1-26
We suggest that dispersion in news sentiment, representing the dispersion in informative M&A performance forecasts, effectively captures M&A information uncertainty, disseminates information about transaction risks, and enhances investors' ability to discern high-risk acquisition attempts. We...