Chakraborty, Madhumita - In: Journal of Emerging Market Finance 9 (2010) 2, pp. 199-227
findings suggest that the shareholders of target firms earn significantly positive abnormal returns on takeover announcements …Using the parametric and non-parametric tests, this study aims to understand the wealth effects of shareholders of … firms, there was no market reaction on takeover announcements. Apparently, there was some evidence that bidders experienced …