haku: @author Travlos, N. G. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Travlos, N. G. |
| Otsikko: | Corporate takeover bids, methods of payment, and bidding firms' stock returns. |
| Lehti: | Journal of Finance
1987 : SEP, VOL. 42:4, p. 943-963 |
| Asiasana: | MERGERS INVESTMENT BONDS BIDDING |
| Kieli: | eng |
| Tiivistelmä: | The role of the method of payment in explaining common stock returns of bidding firms at the announcement of takeover bids is explored. The results reveal significant differences in the abnormal returns between common stock exchanges and cash offers. The results are independent of the type of takeover bid, that is merger, or tender offer, and bit outcomes. These findings imply that the inconclusive evidence of earlier studies on takeovers may be due to their failure to control for the method of payment. |
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