Merger bids, uncertainty, and stockholder returns

This study investigates the effect of merger bids on stock returns. Abnormal stock returns are examined throughout the entire merger process for both successful and unsuccessful merger bids. The evidence shows that increases in the probability of merger benefit the stockholders of target firms, and...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial economics 1983-04, Vol.11 (1), p.51-83
1. Verfasser:	Asquith, Paul
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers Bids Mathematical models Rates of return Securities markets Statistical analysis Stock prices Stockholders Studies Target company Tender offers Uncertainty
Online-Zugang:	Volltext
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