Barbopoulos, Leonidas; Paudyal, Krishna; Pescetto, Gioia - Centre for Research into Industry, Enterprise, Finance … - 2008
This paper examines the announcement period and the post acquisition gains of UK acquirers of unlisted targets that are subject to value-ambiguity. The evidence shows that target’s age, size, intangibility of assets, and investments can explain the variations in bidding firm’s abnormal...