Ma, Jianyu; Geng, Mingzhai; Chu, Yun; Chen, Jason C. H. - In: International Journal of Information Systems and Social … 9 (2018) 3, pp. 70-84
In this article, the authors examine the distribution of the stock returns for the acquiring firm and the corresponding market index. They find that significant non-normal distributions exist in a large number of acquiring firms. The authors use two robust regressions to examine the reliability...
