Management Optimism and Corporate Acquisitions: Evidence from Insider Trading
In this study we integrate evidence about managers' personal beliefs about their firms' prospects into an analysis of managerial decisions on acquisitions and takeover resistance. We examine insider trading (a proxy for personal beliefs) around significant corporate acquisitions and find l...
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Main Authors: | , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
1997
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4681 https://doi.org/10.1002/(SICI)1099-1468(199711/12)18:7/8%3C693::AID-MDE864%3E3.0.CO;2-0 |
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Institution: | Singapore Management University |
Language: | English |