Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10011971069
Because firms' takeover motives are unobservable to investors, mergers are only partially anticipated and often appear as mixed blessings for acquirers. I construct and estimate a model to study the causes and consequences of bid anticipation and information revelation in mergers. Controlling...
Persistent link: https://www.econbiz.de/10012972479