The Importance of the Bidder Motive in the Wealth Effect of Takeovers
Event studies on shareholder wealth effects of American and French takeovers find out that targets clearly gain, and bidders do not lose. We estimate in this study the abnormal returns associated with takeovers in the French market during the period of intense acquisition activity of 1991 - 1997.
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|Date of creation:||2000|
|Date of revision:|
|Contact details of provider:|| Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France|
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