Cash-rich acquirers do not always make bad acquisitions: New evidence
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DOI: 10.1016/j.jcorpfin.2018.04.002
Abstract: Cash-rich acquirers perform better than their cash-poor counterparts in the presence of financial constraints, strong shareholder rights or both. This observation holds for both short and long term, for both the U.S. and the U.K,… read more here.
Keywords: acquirers always; cash; make bad; cash rich ... See more keywords