Andres, Christian; Bazhutov, Dmitry; Cumming, Douglas J.; … - 2021 - [Vers. 04/2024]
announcements of takeover rumors that do not materialize. Such speculative news may hurt productivity because uncertainty and threat … of job loss cause anxiety, distraction, and reduced commitment among employees and managers. Consistently, we observe a … effects of speculative financial news and the costs of takeover threats. …