Endogenous mergers: Bidder momentum and market reaction
Recent empirical studies on stock misvaluation as a possible determinant of mergers are inconclusive concerning the central hypothesis that over (under) valuation is negatively (positively) associated with merger announcement returns in stock mergers, but not in cash mergers. We provide empirical su...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
2010-02.
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| Subjects: | |
| Online Access: | Get fulltext |