Are Acquirers Efficiently Priced? Evidence from Subsequent Earnings Announcements
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Note: We thank Mehmet Akbulut, Yinfei Chen, Jim Downing, Christine Hsu, George Jiang, Youngsu Lee, Richard Ponarul, Norkeith Smith, Stephen Treanor, David Whidbee, and seminar participants at California State University, Chico for helpful discussions and suggestions. All remaining errors are our own.
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Cited by:
- Kanungo, Rama Prasad, 2021. "Uncertainty of M&As under asymmetric estimation," Journal of Business Research, Elsevier, vol. 122(C), pages 774-793.
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More about this item
Keywords
Efficient market; Mergers; Acquisitions; Long run returns; Earnings announcements;All these keywords.
JEL classification:
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- G40 - Financial Economics - - Behavioral Finance - - - General
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