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during acquisitions programs? An alternative explanation is CEO learning. This study therefore tests for learning using … behavior accordingly. These results are consistent with a learning hypothesis …
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We directly study the information gathering process around a merger announcement by using the IP addresses accessing … Form 8-K filings for merger agreements. This allows us to measure who pays attention to the announcement, how attention … varies across mergers, and if this attention is related to merger outcomes. We link each IP address, when possible, to a …
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