Moeller, Sara B. (contributor); … - 2004 - [Elektronische Ressource]
which
leads to adverse announcement returns for acquisitions paid for with equity because management
is more likely to use … (1987) and inspired by Myers and Majluf (1984), is that
the announcement signals to the market that bidder management does …. When management uses cash to finance an offer, the market infers that equity is
worth more than its market value, which is …