Acquisitions Driven by Stock Overvaluation
Overvaluation might drive a firm to use its stock to acquire another firm whose stock is not as overpriced. Though hypothetically desirable, these acquisitions create little, if any, value for acquirer shareholders. Two factors impede value creation for acquirer stockholders from these transactions...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2009
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| Online Access: | https://ink.library.smu.edu.sg/etd_coll/4 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1003&context=etd_coll |
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| Institution: | Singapore Management University |
| Language: | English |