Outputs (2)

What Drives Acquisitions? Market Valuations and Bidder Performance (2008)
Journal Article
Petmezas, D. (2009). What Drives Acquisitions? Market Valuations and Bidder Performance. Journal of Multinational Financial Management, 19(1), 54-74. https://doi.org/10.1016/j.mulfin.2008.05.001

Given the recent theoretical development that documents stock market misvaluations’ driven acquisition, this paper examines the relation between market valuations and bidder performance. We focus on hot stock markets and find that bidder reactions to... Read More about What Drives Acquisitions? Market Valuations and Bidder Performance.

Merger momentum and market valuations: the UK evidence (2008)
Journal Article
Antoniou, A., Guo, M. (., & Petmezas, D. (2008). Merger momentum and market valuations: the UK evidence. Applied financial economics, 18(17), 1411-1423. https://doi.org/10.1080/09603100701720468

This study examines the effect of merger momentum on acquirer's returns both in the short and long-run. The focus is on high valuation markets and the source of momentum is investigated employing three different hypotheses: the neoclassical hypothesi... Read More about Merger momentum and market valuations: the UK evidence.