haku: @indexterm Market forecasting / yhteensä: 243
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Tekijä: | Emery, G. Switzer, J. |
Otsikko: | Expected market reaction and the choice of method of payment for acquisitions |
Lehti: | Financial Management
1999 : WIN, VOL. 28:4, p. 73-86 |
Asiasana: | Market forecasting MERGERS Bidding Compensation |
Kieli: | eng |
Tiivistelmä: | The authors hypothesize that a bidder's managers forecast the market's reaction to the announcement of an acquisition and choose the method of payment that they expect to provide the higher abnormal return. They find that most bidders chose the method of payment with the higher expected abnormal return although this result was stronger among the acquisitions for cash. |
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