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.