EPS Sensitivity and Mergers

Announcements of mergers very often discuss the immediate impact of the deal on the acquirer’s earnings per share (EPS). We argue that the focus on EPS reflects the difficulty of evaluating and communicating deal synergy in mergers and acquisitions (M&A) practice and provide supporting evidence....

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Veröffentlicht in:	Journal of financial and quantitative analysis 2024-03, Vol.59 (2), p.521-556
Hauptverfasser:	Dasgupta, Sudipto, Harford, Jarrad, Ma, Fangyuan
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers Costs Earnings Earnings per share Investment policy Investments Mergers Quantitative analysis Shareholder approval Shareholder voting Stockholders Value creation
Online-Zugang:	Volltext
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