Regressions of target CARs. This table reports results of regressions examining whether predictability in merger candidacy affects target stock price responses to merger

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Across both bidder announcement returns and combined bidder and target announcement returns (synergies) value created is highest for deals where gambling is unlikely to play a

By de- creasing prices by unity for goods in a minimal underdemanded set, no set of goods is weakly overdemanded after the price decrease, and the price in the auction stays above

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In contrast to the frequently negative or neutral returns to bidders from merger announcements, eight of nine studies that analyze the merger announcement effect on the target bank

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Among the takeover characteristics, we document a significant impact on the bidder’s abnormal return on the announcement day for small deals yielding a higher abnormal return, but a

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The key independent variable is GNH in the contemporaneous period with that used for abnormal returns, and the following control variables are also employed: the logarithmic

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The average real estate and local stock market correlations in the Asian economies are (significantly) higher than the corresponding regional and global correlations; in contrast

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