A Theory of the Role of Medium of Exchange in Mergers and Acquisitions
An acquisition bid is like any other proposal for risky investment. The difference arises due to additional source of risk arising from two different sources of information asymmetry due to private knowledge held by the bidder and target. We hypothesize that the bidding process evolves in a manner t...
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| Format: | Others |
| Language: | English |
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University of North Texas
1994
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| Online Access: | https://digital.library.unt.edu/ark:/67531/metadc278630/ |