Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/183386 
Autor:innen: 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
IFN Working Paper No. 1157
Verlag: 
Research Institute of Industrial Economics (IFN), Stockholm
Zusammenfassung: 
The paper studies how stock price misvaluation and financial frictions affect whether an acquisition occurs between or within industries and whether the acquirer pays in cash or stocks. I set up a model where stock market misvaluation correlates within industries and across industries and assume that managers have private information regarding their own firm and firms similar to it. The model yields predictions regarding which firm acquires which firm, and the method of payment used in transactions.
Schlagwörter: 
Mergers and acquisitions
Investments
Asymmetric information
Stock misvaluation
Financial frictions
JEL: 
D82
G32
G34
Dokumentart: 
Working Paper

Datei(en):
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