Acquisitions Driven By Stock Overvaluation: Are They Good Deals?
Overvaluation might prompt a firm to use its stock to acquire a target whose stock is not as overpriced (Shleifer and Vishny (2003)). Though hypothetically desirable, these acquisitions in practice create little, if any, value for acquirer shareholders. Two factors often impede value creation: payme...
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التنسيق: | text |
اللغة: | English |
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Institutional Knowledge at Singapore Management University
2010
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الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/lkcsb_research/3040 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1328115 |
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المؤسسة: | Singapore Management University |
اللغة: | English |