The Timing and Method of Payment in Mergers when Acquirers Are Financially Constrained
Although acquisitions are a popular form of investment, the link between firms' financial constraints and acquisition policies is not well understood. We develop a model in which financially constrained bidders approach targets, decide how much to bid and whether to bid in cash or in stock. In...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press (OUP)
2019
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| Online Access: | https://hdl.handle.net/1721.1/122349 |