Additional evidence on informational asymmetry at acquisition announcement
This dissertation examines the partial anticipation hypothesis by employing the bid-ask spread approach in market microstructure theory. Selecting the OTC bidding firms with a careful research design, this dissertation divides sample firms into firms with acquisition programs and firms without acqui...
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| Format: | Others |
| Language: | English |
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University of North Texas
1991
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| Online Access: | https://digital.library.unt.edu/ark:/67531/metadc332722/ |