Boehmer, Ekkehart; Netter, Jeffry M. - In: Managerial and Decision Economics 18 (1997) 7-8, pp. 693-708
In this study we integrate evidence about managers' personal beliefs about their firms' prospects into an analysis of managerial decisions on acquisitions and takeover resistance. We examine insider trading (a proxy for personal beliefs) around significant corporate acquisitions and find little...