Means of Payment in Takeovers: Results for the U.K. and U.S.
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This paper examines means of payment in over 2,500 acquisitions in the UK and US over the period 1955 to 1985. Data on financing proportions, bid premia and postmerger performance are used to test the validity of tax and information hypotheses. It is difficult to explain many of the results in terms
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美国国家经济研究局创建时间：
1987-12-01
