McNichols, Maureen; Stubben, Stephen R. - 2012 - Last rev.: January 13, 2012
We examine whether acquisitions are more profitable for acquirers when the firms they target disclose higher … precise valuation, we predict that managers of the acquiring firm are able to bid more effectively and pay less to acquire a … target firm that has high-quality accounting information. Using a large sample of acquisitions of public firms over the …
