Dong, Ming; Hirshleifer, David; Richardson, Scott; … - 2003 - [Elektronische Ressource]
distinguished by controlling for leverage; see Section 2.
2
last 8 years of our sample, 1993-2000 of $4.35 trillion is much greater … misvaluation, both on its own and incrementally
to V=P. So controlling for B=P is likely to remove not only growth, but part of the … controlling for B=P provide an even
stronger control.
3 Data and Methodology
Our sample of takeover bids is obtained from Security …