An Evaluation of a Simple Merger Arbitrage Strategy in Middle-Market Mergers and Acquisitions
I investigate a simple merger arbitrage strategy with a focus on middle-market companies. I estimate [-1, 1] buy-and-hold abnormal returns (BHARs) and long-run BHARs of prospective middle-market acquirers after they announce an acquisition and test whether [-1, 1] BHARs are predictive of subsequent...
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| Format: | Others |
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Scholarship @ Claremont
2019
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| Online Access: | https://scholarship.claremont.edu/cmc_theses/2068 https://scholarship.claremont.edu/cgi/viewcontent.cgi?article=3088&context=cmc_theses |