Similar Search Results

Investor Conferences and Institutional Trading in Takeover Targets

Subasi, Musa - 2014

I examine whether access to the management of takeover targets at investor conferences is associated with informed … trading before these firms' takeover announcements. I find that during the one year preceding takeover announcements … investors, targets' conference presentations benefit large investors and have no impact on small investors' pre-takeover trades …

Persistent link: https://www.econbiz.de/10013066937

Earnings growth and acquisition returns : Do investors gamble in the takeover market?

Liu, Tingting; Tu, Danni - 2021

We document a strong positive initial market reaction to merger announcements from bidders with either large earnings growth or significant earnings decline, relative to those with neutral earnings change, reflecting a U-shaped pattern between bidders’ earnings growth and announcement returns....

Persistent link: https://www.econbiz.de/10013323516

Do investor reactions to merger announcements shape SEC filings writing?

Aktas, Nihat; de Bodt, Eric; Dogan, Can - 2022

This study examines whether the content of firms' Security Exchange Commission (SEC) filings submitted for their merger and acquisition transactions are affected by investor reactions to the initial public announcement of the deals. This research design allows us to test the investor feedback...

Persistent link: https://www.econbiz.de/10013312315

The Valuation Effects of Investor Attention in Stock-Financed Acquisitions

Adra, Samer; Barbopoulos, Leonidas G. - 2021

Limited investor attention allows overvalued companies to engage in stock-financed acquisitions of listed target firms without experiencing significant reductions in existing valuations. Our robust findings show that overvalued stock-paying acquirers that are subject to limited investor...

Persistent link: https://www.econbiz.de/10013240071

Investor Attention and Early Announcements in Mergers and Acquisitions

Xia, Chunling; Muradoglu, Yaz Gulnur; Peng, Ni; Qin, Huai - 2022

We provide an investor-attention-based interpretation for early announcements, complementing the signalling-based explanation of Aktas et al. (2018). We find that acquiring firms attract substantial investor attention with their early announcements. The positive relationship between early...

Persistent link: https://www.econbiz.de/10014244664

Earnings growth and acquisition returns : do investors gamble in the takeover market?

Liu, Tingting; Tu, Danni - In: Journal of financial and quantitative analysis : JFQA 58 (2023) 3, pp. 1326-1358

Persistent link: https://www.econbiz.de/10014309494

Institutional blockholders and corporate innovation

Guo, Bing; Hutschenreiter, Dennis C.; Pérez-Castrillo, … - 2023

Persistent link: https://www.econbiz.de/10014310888

The Apportionment of Takeover Wealth Gains Over Investor Groups

McAdam, Anna Christine - 2011

This paper identifies and apportions the wealth gain realisation from a takeover event for four investor groups, which … performance from the takeover occasion. The present study results thus qualify the extant takeover research conclusion that target … firm shareholders are the ‘winners' from a takeover occasion. This research concludes that it is the informed investor who …

Persistent link: https://www.econbiz.de/10013133659

Identifying the Informed Investor in a Takeover Event : An Australian Study of Investor Trading Behaviour

McAdam, Anna Christine - 2011

This paper examines the simultaneous trading behaviour for the takeover occasion for eighteen investor classes which …' behaviour was ‘takeover driven'; it was not found to be accounted for by independent variables identified by preceding research … takeover occasion …

Persistent link: https://www.econbiz.de/10013134445

Market response to internationalization strategies : evidence from Indian cross-border acquisitions

Rani, Neelam; Yadav, Surendra S.; Jain, Pramod Kumar - In: IIMB management review 27 (2015) 2, pp. 80-91

Persistent link: https://www.econbiz.de/10011480939