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This paper examines the selection of intermediaries in the French mergers and acquisitions (M&A) market, which is an opaque environment. Buyers and sellers cope with uncertainty as to the value of exchanged assets. They thus rely on the help of experts in order to secure deals. But as the...
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to consider behavioral motives. We consider several team characteristics and find that financial experience is the most …-based evidence is that latent M&A team factors explain approximately 54% of the acquirer fixed effects in announcement return …
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