When do managers listen to the market? Impact of learning in acquisitions of private firms
Sign Up to like & getrecommendations! Published in 2017 at "Review of Quantitative Finance and Accounting"
DOI: 10.1007/s11156-016-0599-4
Abstract: We study the influence of market signals and agency problems on the decision to cancel an announced acquisition. We find major differences between deals involving private vs. public targets. First, controlling for the value of… read more here.
Keywords: market impact; listen market; managers listen; market ... See more keywords
Does cross-listing increase managers' propensity to listen to the market in M&A deals?
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Corporate Finance"
DOI: 10.1016/j.jcorpfin.2017.06.016
Abstract: We investigate the validity of two conjectures regarding the impact of cross-listing on managers' propensity to listen to the market in mergers and acquisitions (MA as a result, managers tend to ignore market signals in… read more here.
Keywords: listen market; managers propensity; market; propensity listen ... See more keywords