Powell, Ronan G. - In: Journal of Business Finance & Accounting 28 (2001-09) 7&8, pp. 993-1011
This paper empirically tests whether it is possible to generate abnormal returns from investing in a portfolio of predicted successful takeover targets. Portfolios are formed on the basis of predictions from models similar to those estimated by Palepu (1986). However, unlike Palepu (1986), the...