The performance and motivation of serial acquisitions: Evidence from Australia
Using 2696 acquisition announcements reported in Australia between 2000 and 2016, we document lower stock returns but higher risk for deals made by serial acquirers compared to those made by single acquirers after controlling for firm and deal characteristics. We also find that serial acquirers'...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | English |
| Published: |
ELSEVIER SCIENCE INC
2021
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/88085 |