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Potential targets: An analysis of stock price reactions to acquisition program announcements

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  • Gurmeet Bhabra

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  • Gurmeet Bhabra, 2008. "Potential targets: An analysis of stock price reactions to acquisition program announcements," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 32(2), pages 158-175, April.
    • Handle: RePEc:spr:jecfin:v:32:y:2008:i:2:p:158-175
    DOI: 10.1007/s12197-007-9009-z
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    References listed on IDEAS

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    1. Schipper, Katherine & Thompson, Rex, 1983. "Evidence on the capitalized value of merger activity for acquiring firms," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 85-119, April.
    2. Jarrell, Gregg A & Bradley, Michael, 1980. "The Economic Effects of Federal and State Regulations of Cash Tender Offers," Journal of Law and Economics, University of Chicago Press, vol. 23(2), pages 371-407, October.
    3. Eckbo, B. Espen, 1983. "Horizontal mergers, collusion, and stockholder wealth," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 241-273, April.
    4. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
    5. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    6. Jensen, Michael C. & Ruback, Richard S., 1983. "The market for corporate control : The scientific evidence," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 5-50, April.
    7. Bradley, Michael & Desai, Anand & Kim, E. Han, 1983. "The rationale behind interfirm tender offers : Information or synergy?," Journal of Financial Economics, Elsevier, vol. 11(1-4), pages 183-206, April.
    8. Ambrose, Brent W. & Megginson, William L., 1992. "The Role of Asset Structure, Ownership Structure, and Takeover Defenses in Determining Acquisition Likelihood," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 27(4), pages 575-589, December.
    9. Dodd, Peter, 1980. "Merger proposals, management discretion and stockholder wealth," Journal of Financial Economics, Elsevier, vol. 8(2), pages 105-137, June.
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    Cited by:

    1. Breu, Christopher & Schönbohm, Avo & Löcher, Markus, 2015. "Impact of investor presentations on share prices: Evidence from DAX 30 companies from 2010-2012," Working Papers 88, Berlin School of Economics and Law, Institute of Management Berlin (IMB).

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    More about this item

    Keywords

    Acquisition programs; Potential targets; Target gains; G34;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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