The (Missing) Relation Between Acquisition Announcement Returns and Value Creation
收藏NBER2020-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27976
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资源简介：
Cumulative abnormal returns (CAR) computed around acquisition announcements are widely considered to be market-based assessments of expected value creation. We show, however, that announcement returns do not correlate with commonly used and new measures of ex-post outcomes. A simple characteristics
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
