John, Kose; Mateti, Ravi S.; Shangguan, Zhaoyun; … - In: International Journal of Banking, Accounting and Finance 5 (2013) 1/2, pp. 188-204
We test the implications of the misvaluation hypothesis (Shleifer and Vishny, 2003) for a large sample of acquirers of private and public target firms. Consistent with the misvaluation hypothesis we find that acquirers are overvalued. The overvaluation is higher for stock acquisitions of private...