comprehensive and precise valuations over time. The textbook combines rigorous quantitative analysis with effective use of graphics …

after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …As illustrated in the tale of "the dog that did not bark," the absence of news and the passage of time often contain … consistent with a behavioral model of underreaction to the passage of time and cannot be explained by changes in risk or …

after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …As illustrated in the tale of “the dog that did not bark,” the absence of news and the passage of time often contain … consistent with a behavioral model of underreaction to the passage of time and cannot be explained by changes in risk or …

It is commonly perceived that firms do not want to be outsiders to a merger between competitor firms. We instead argue … that it is beneficial to be a non-merging rival firm to a large horizontal merger. Using a sample of mergers with expert … merger announcement date. Further, we find that the stock reaction of rivals to merger events is not sensitive to merger …