Tang, Qingquan; Li, Wenfei - In: China journal of accounting research : CJAR 11 (2018) 1, pp. 33-50
The information gap in the M&A market hinders acquirers from effectively identifying high-quality targets. We examine whether VC/PEs convey information content in the M&A market and whether acquirers can use such information to identify high-quality targets. We show that VC/PEs have significant...
