Croci, Ettore; Petmezas, Dimitris; Vagenas-Nanos, Evangelos - In: International Review of Financial Analysis 19 (2010) 5, pp. 368-378
In this paper we empirically investigate bidders' performance managed by overconfident and non-overconfident managers in high and low market valuation periods. Using a sample of UK acquisitions in the period 1990-2005, we provide evidence that the interaction between market valuation and...