Earnout deals: Method of initial payment and acquirers’ gains

We analyse the implications of initial payment methods in earnout deals on acquirers’ gains. The results, which are robust to self‐selection bias and alternative model specifications, reveal that earnout deals outperform non‐earnout deals. The acquirers gain the most from earnout deals when both ini...

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Veröffentlicht in:	European financial management : the journal of the European Financial Management Association 2018-11, Vol.24 (5), p.792-828
Hauptverfasser:	Barbopoulos, Leonidas G., Paudyal, Krishna, Sudarsanam, Sudi
Format:	Artikel
Sprache:	eng
Schlagworte:	acquirers’ gains asymmetric information earnout contracts initial payment in earnout deals Payments Selection bias Stockholders Wealth
Online-Zugang:	Volltext
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