Existing finance theory predicts that managers of takeover targets will increase leverage to enhance managerial control … which can, in turn, allow target managers to thwart a takeover attempt altogether. We find that targets significantly … poorly performing target managers made between takeover announcement and withdrawal result in significantly negative abnormal …

Takeover speculation may hurt productivity because uncertainty and threat of job loss cause anxiety, distraction, and … productivity temporarily declines after announcements of speculative takeover rumors that do not materialize. This productivity dip … news, which are common in financial markets, and the costs of the takeover threat. …

announcements signal the high probability that formal bids will be offered. If potential takeover discussions are revealed earlier …, they need to pay incrementally higher bid premiums in their formal offers. The reform inherent in the U.K. Takeover Code of …

The impact of the announcement of a takeover bid has been widely tested in foreign literature. Therefore, the main goal … of this paper is to research the impact of the announcement of a takeover bid on the share price movements in the … takeover bid affects the share prices of the target company, which is consistent with the results of previous research …

novel word list of intangibles and apply it to takeover announcements. Deals presented with more “intangibles talk” complete … overoptimism. Overall, takeover announcements can provide important information regarding the quality of deals …