Target acquisitiveness stands out as one of the primary drivers of all the key aspects of the market for corporate takeovers: acquisition announcement returns, probability of deal success, propensity to acquire and be acquired. In addition, acquisitive targets, though a small proportion of the...

Target acquisitiveness stands out as one of the primary drivers of all the key aspects of the market for corporate takeovers: acquisition announcement returns, probability of deal success, propensity to acquire and be acquired. In addition, acquisitive targets, though a small proportion of the...

We propose an investment-momentum strategy of buying past winners with low investment and selling past losers with high investment, which exploits simultaneously two dimensions of market inefficiencies. The new strategy generates twice the monthly returns earned by either the price momentum or...

Target acquisitiveness stands out as one of the primary drivers of all the key aspects of the market for corporate takeovers: acquisition announcement returns, probability of deal success, propensity to acquire and be acquired. Acquisitive targets, though a small proportion of the sample, are...