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Persistent link: https://www.econbiz.de/10003903049
As illustrated in the tale of "the dog that did not bark," the absence of news and the passage of time often contain information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year after merger announcement, the passage of time is...
Persistent link: https://www.econbiz.de/10013084725
As illustrated in the tale of “the dog that did not bark,” the absence of news and the passage of time often contain information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year after merger announcement, the passage of time...
Persistent link: https://www.econbiz.de/10013065551
Persistent link: https://www.econbiz.de/10009788095
Persistent link: https://www.econbiz.de/10009735842
Persistent link: https://www.econbiz.de/10010530811
We show that acquirer returns are significantly higher in stock-swap acquisitions of difficult-to-value targets, as measured by R&D intensity and idiosyncratic return volatility. This finding contributes to an explanation of the determinants of, and value gains from, using stock as a method of...
Persistent link: https://www.econbiz.de/10013151193
As illustrated in the tale of "the dog that did not bark," the absence of news and the passage of time often contain information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year after merger announcement, the passage of time is...
Persistent link: https://www.econbiz.de/10012459747
Persistent link: https://www.econbiz.de/10012432677
The impact of the announcement of a takeover bid has been widely tested in foreign literature. Therefore, the main goal … of this paper is to research the impact of the announcement of a takeover bid on the share price movements in the … takeover bid affects the share prices of the target company, which is consistent with the results of previous research …
Persistent link: https://www.econbiz.de/10012178422