Avant-propos
While intuitively the toehold, i.e. target shares acquired in the market prior to launching takeover bids, should be maximal, the empirical results reveal heterogeneity in the observed levels. Our study explains this gap. With a tender offer model with asymmetric information, we find that acquiri...
保存先:
| 第一著者: | |
|---|---|
| フォーマット: | Article ou chapitre numérique |
| 言語: | Français |
| 出版事項: |
2001
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| オンライン･アクセス: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |