Aintablian, Sebouh; El Khoury, Wissam; M’Chirgui, Zouhaier - In: Studies in Economics and Finance 34 (2017) 2, pp. 260-280
Purpose This paper aims to examine empirically the role of toeholds in reducing asymmetric information in mergers and acquisitions by establishing a relationship between the toehold and some relevant characteristics of the acquiring and the target firm. Design/methodology/approach A regression...