low impression management. Further, credibility increases when concrete instead of embellishing language is used. Hence …

This paper investigates the role of textual information in a U.S. bank merger prediction task. Our intuition behind … highlight the importance of textual information in a bank merger prediction task …

more likely to become a takeover target and offer premium and acquirers’ announcement returns are positively associated …’ takeover likelihood generates economically significant returns. Our results are robust to a battery of additional analysis, and … useful for participants in the corporate takeover markets …

all bidders forecast, we document a higher likelihood of post-merger litigation and CEO turnover for bidders with a weak … forecasting reputation and for those that underperform post-merger …

manager and partner at Source For Alpha, a quantitative asset management boutique. …