Purpose – The purpose of this paper is to demonstrate with real data the enhanced statistical power of a GLS‐based event study methodology that requires the same input data as the traditional tests. Design/methodology/approach – The paper uses full sample, subsample and simulated modified...

Purpose - This paper aims to address the question: What is the distribution of value (in pounds) created in a sample of domestic takeovers in the United Kingdom from 2013 to 2020 among acquirer and target stockholders? Design/methodology/approach - The author employs a traditional event study...