What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies
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https://www.nber.org/papers/w9264
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资源简介:
We present a framework for determining the information that can be extracted from stock prices around takeover contests. In only two types of cases is it theoretically possible to use stock price movements to infer bidder overpayment and relative synergies. The takeover contest for Paramount in 1994
提供机构:
美国国家经济研究局
创建时间:
2002-10-01



