Fidrmuc, Jana P. (contributor); … - 2007
empirical studies testing the free cash ow hypothesis in the context
of going private transactions, however, provide mixed … difierent aspect of cash-rich flrms than reported in prior studies
4
(for example, Lehn and Poulsen, 1989 and Opler and Titman …, we could expect that
managers trading in advance of the event may partially reveal the importance of
that information. In …