This paper aims at identifying the magnitude of excess returns provided by the shares of an acquirer in a merger or acquisition transaction. In order to do so, the paper studies 352 transactions between January 1, 2003 and April 25, 2018 over the value of $100 mn at announcement involving an...

Introduction to data visualization and characterization -- Random vectors and the multivariate normal distribution -- Explaining covariance structure : principal components -- Linear model for numerical and categorical response variables -- Linear mixed effects model -- Diagnosis of variation...