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Does Overvaluation Lead to Bad Mergers?
16 references·3 citing·36 second hop
Does Overvaluation Lead to Bad Mergers? (2005)Does Overvaluation Lead to Bad Mergers?Executive compensation (2008)Executive compensationWealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave (2005)Wealth Destruction on a Massi…Stock market driven acquisitions (2003)Stock market driven acquisiti…New Evidence and Perspectives on Mergers (2001)New Evidence and Perspectives…Are Insider Trades Informative? (2001)Are Insider Trades Informativ…Managerial Decisions and Long‐Term Stock Price Performance (2000)Managerial Decisions and Long…Improved Methods for Tests of Long‐Run Abnormal Stock Returns (1999)Improved Methods for Tests of…Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)Market Efficiency, Long-Term …Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…The impact of industry shocks on takeover and restructuring activity (1996)The impact of industry shocks…Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Detecting abnormal operating …The New Issues Puzzle (1995)The New Issues PuzzleContrarian Investment, Extrapolation, and Risk (1994)Contrarian Investment, Extrap…Does Corporate Performance Improve After Mergers? (1990)Does Corporate Performance Im…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…Special Information and Insider Trading (1974)Special Information and Insid…Merger arbitrage short selling and price pressure (2014)Merger arbitrage short sellin…Executive Compensation and Informed Trading in Acquiring Firms Around Merger Announcements (2013)Executive Compensation and In…Are Stock‐for‐Stock Acquirers of Unlisted Targets Really Less Overvalued? (2013)Are Stock‐for‐Stock Acquirers…Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders (1996)Using daily stock returns (1985)The effects of management buyouts on operating performance and value (1989)Size and Book-to-Market Factors in Earnings and Returns (1995)Measuring long-horizon security price performance (1997)An Examination of Long‐Term Abnormal Stock Returns and Operating Performance Following R&D Increases (2004)Dumb money: Mutual fund flows and the cross-section of stock returns (2008)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Do Investors Trade Too Much? (1999)The Economic Costs of Conflict: A Case Study of the Basque Country (2003)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)A five-factor asset pricing model (2014)Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Hubris Hypothesis of Corporate Takeovers (1986)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Corporate financing and investment decisions when firms have information that investors do not have (1984)What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions (2002)Firm size and the gains from acquisitions (2004)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Multifactor Explanations of Asset Pricing Anomalies (1996)The External Control of Organizations. (1978)Income Inequality in the United States, 1913-1998 (2003)Political turnover and economic performance: the incentive role of personnel control in China (2004)
this work references cited by second hop

References

  • 1994Contrarian Investment, Extrapolation, and Risk4,198 cited
  • 1995The New Issues Puzzle3,550 cited
  • 2001New Evidence and Perspectives on Mergers2,803 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 2008Executive compensation2,390 cited
  • 2003Stock market driven acquisitions2,093 cited
  • 1990Do Managerial Objectives Drive Bad Acquisitions?1,912 cited
  • 1999Improved Methods for Tests of Long‐Run Abnormal Stock Returns1,826 cited
  • 1990Does Corporate Performance Improve After Mergers?1,662 cited
  • 1996Detecting abnormal operating performance: The empirical power and specification of test statistics1,609 cited
  • 2000Managerial Decisions and Long‐Term Stock Price Performance1,573 cited
  • 1996The impact of industry shocks on takeover and restructuring activity1,512 cited
  • 2005Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave1,421 cited
  • 1997Market Efficiency, Long-Term Returns, and Behavioral Finance1,278 cited
  • 1974Special Information and Insider Trading1,236 cited

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2001
Are Insider Trades Informative?
1,229 cited

Cited by

  • 2014Merger arbitrage short selling and price pressure30 cited
  • 2013Executive Compensation and Informed Trading in Acquiring Firms Around Merger Announcements20 cited
  • 2013Are Stock‐for‐Stock Acquirers of Unlisted Targets Really Less Overvalued?17 cited