The Role of Target’s Financial Statement Comparability in the Efficiency of Takeover Decisions
We investigate whether acquiring firms make more profitable acquisitions when target firms’ financial statements are more comparable with their industry peers. We replicate the original sample of Chen et al. (2018) and extend their sample to the most recent year. We find that acquiring firms experie...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
Wiley-Blackwell
2021
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/85091 |