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
Do Chinese managers listen to the media?: Evidence from mergers and acquisitions
Sign Up to like & getrecommendations! Published in 2021 at "Research in International Business and Finance"
DOI: 10.1016/j.ribaf.2021.101458
Abstract: Abstract This study investigates whether listed companies in China are sensitive to public media coverage when making investment decisions regarding mergers and acquisitions (M&As). We find that the likelihood of abandoning a proposed M&A transaction… read more here.
Keywords: managers listen; mergers acquisitions; chinese managers; media evidence ... See more keywords