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Why Do Private Acquirers Pay So Little Compared to Public Acquirers?

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NBER2007-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13061
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We find that the announcement gain to target shareholders from acquisitions is significantly lower if a private firm instead of a public firm makes the acquisition. Non-operating firms like private equity funds make the majority of private bidder acquisitions. On average, target shareholders receive
提供机构:
美国国家经济研究局
创建时间:
2007-04-01
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