Prospect theory in M&A : do historical purchase prices affect merger offer premiums and announcement returns?
Year of publication: |
2024
|
---|---|
Authors: | Lauterbach, Beni ; Mugerman, Yevgeny ; Shemesh, Joshua |
Published in: |
Journal of behavioral and experimental finance. - Amsterdam [u.a.] : Elsevier, ISSN 2214-6369, ZDB-ID 2758721-6. - Vol. 42.2024, Art.-No. 100931, p. 1-22
|
Subject: | anchoring | mergers and acquisitions | Prospect Theory | reference prices | retail investors | Prospect theory | Übernahme | Takeover | Fusion | Merger | Ankündigungseffekt | Announcement effect | Börsenkurs | Share price | Anlageverhalten | Behavioural finance | Risikoprämie | Risk premium | Kapitaleinkommen | Capital income |
-
What premiums do target shareholders expect? : explaining negative returns upon offer announcements
Ang, James S., (2015)
-
Hippert, Benjamin, (2021)
-
Investor sentiment and bidder announcement abnormal returns
Danbolt, Jo, (2015)
- More ...
-
Lauterbach, Beni, (2021)
-
The Effect of Institutional Investors' Voice on the Terms and Outcome of Freeze-out Tender Offers
Lauterbach, Beni, (2019)
-
The effect of institutional investors' voice on the terms and outcome of freeze-out tender offers
Lauterbach, Beni, (2020)
- More ...