Takeovers and stock price volatility

An examination of the relation between takeovers and stock price volatility. The analysis focuses on the Martingale (efficient markets) Model of stock price behavior and an alternative view in which stock prices reflect values to participants in a market for corporate control. This paper includes a mathematical treatment of the subject.

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Year of publication:	1990
Authors:	Lacker, Jeffrey M. ; Weinberg, John A.
Published in:	Economic Review. - Federal Reserve Bank of Richmond. - 1990, Mar, v. 76, no. 2, p. 29-44
Publisher:	Federal Reserve Bank of Richmond
Subject:	Stock \| Prices

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005063955