novel word list of intangibles and apply it to takeover announcements. Deals presented with more “intangibles talk” complete … overoptimism. Overall, takeover announcements can provide important information regarding the quality of deals …

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 …

of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M …

This paper documents that a part of takeover synergy is incorporated in the target and acquirer stock prices prior to … the event window of previous studies, around the takeover anticipation date. This result suggests that those studies might … in this paper sheds light on the magnitude of acquisition returns, and so on some well-documented takeover results …

Using United States takeover bids, we investigate the importance of information asymmetry in self-selection when … evaluating the abnormal returns of financial versus strategic takeover targets during a period of possible informed trade. Sample … selection bias due to differences in financial versus strategic takeover bids information environments is controlled for using …