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Winning by Losing: Evidence on Overbidding in Mergers
16 references·2 citing·31 second hop
Winning by Losing: Evidence on Overbidding in Mergers (2006)Winning by Losing: Evidence on Overbiddin…Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Who makes acquisitions? CEO o…Firm size and the gains from acquisitions (2004)Firm size and the gains from …Stock market driven acquisitions (2003)Stock market driven acquisiti…New Evidence and Perspectives on Mergers (2001)New Evidence and Perspectives…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…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…The Hubris Hypothesis of Corporate Takeovers (1986)The Hubris Hypothesis of Corp…Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…The market for corporate control (1983)The market for corporate cont…Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Takeover Bids, The Free-Rider…The Impact of Mergers on Quality Provision: Evidence from the Airline Industry (2017)The Impact of Mergers on Qual…Cash is King: Revaluation of Targets after Merger Bids (2012)Cash is King: Revaluation of …Mergers and the Market for Corporate Control (1965)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Efficient Capital Markets: II (1991)CEO Overconfidence and Corporate Investment (2005)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)The Pricing of Options and Corporate Liabilities (1973)Determinants of corporate borrowing (1977)Psychology and Economics: Evidence from the Field (2009)Are Overconfident CEOs Better Innovators? (2012)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Capital Structure Puzzle (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Law and Finance (1998)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)
this work references cited by second hop

References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1983The market for corporate control4,145 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1980Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation3,093 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 2001New Evidence and Perspectives on Mergers2,803 cited
  • 2008Who makes acquisitions? CEO overconfidence and the market's reaction☆2,763 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 2004Firm size and the gains from acquisitions2,355 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 Returns

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1,826 cited
  • 2000Managerial Decisions and Long‐Term Stock Price Performance1,573 cited
  • Cited by

    • 2017The Impact of Mergers on Quality Provision: Evidence from the Airline Industry57 cited
    • 2012Cash is King: Revaluation of Targets after Merger Bids20 cited