WHAT DRIVES THE PAYMENT OF HIGHER MERGER PREMIUMS?
This study examines whether the premiums paid to targets firms are affected by bidder CEO overconfidence, merger waves, method of payment, industry of merged firms, and capital liquidity. Using merger data for the period spanning from 1991 to 2000, this study finds that CEOs pay less premiums in cas...
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[Yogyakarta] : Universitas Gadjah Mada
2009
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