Harford, Jarrad; Klasa, Sandy; Walcott, Nathan - In: Journal of Financial Economics 93 (2009) 1, pp. 1-14
In the context of large acquisitions, we provide evidence on whether firms have target capital structures. We examine how deviations from these targets affect how bidders choose to finance acquisitions and how they adjust their capital structure following the acquisitions. We show that when a...