Chen, Jianguo; Chi, Jing; Zhu, Shu - In: Journal of Entrepreneurial Finance 12 (2009) 4, pp. 87-104
of acquirers. Using an acquirer's announced target value as the proxy of the firm's acquiring capacity, the link between … capacity: a firm with a higher cash ratio will, on average, take a larger target firm in both absolute value and relative … of the acquirer. Firms' debt and profitability ratios do not explain the target size. …