haku: @indexterm ECONOMIC FORECASTING / yhteensä: 665
viite: 20 / 665
| Tekijä: | Sudarsanam, S. Salami, A. Alexandrou, G. |
| Otsikko: | Rational expectations, analysts' forecasts of earnings and sources of value gains for takeover targets |
| Lehti: | Journal of Banking and Finance
2002 : JAN, VOL. 26:1, p. 153-177 |
| Asiasana: | EARNINGS ECONOMIC FORECASTING MERGERS RATIONAL EXPECTATIONS SHAREHOLDERS SYNERGY |
| Kieli: | eng |
| Tiivistelmä: | Value gains to target firm shareholders in takeover bids may be due to potential synergy between bidder and target and/or potential target restructuring based on new information released by the bid. Since these two models have different implications for the anticipated earnings of the target as a stand-alone entity, analysts' earnings forecast revisions (AFR) for the target during the bid may provide evidence for the new information hypothesis. |
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