All Outputs (4)

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.

Bidder Gains and Losses of Firms Involved in Many Acquisitions (2007)
Journal Article
Antoniou, A., Petmezas, D., & Zhao, H. (2007). Bidder Gains and Losses of Firms Involved in Many Acquisitions. Journal of Business Finance and Accounting, 34(7-8), 1221-1244. https://doi.org/10.1111/j.1468-5957.2007.02012.x

We examine shareholders' wealth effects (both in the short- and the long-run) of UK frequent bidders acquiring public, private, and/or subsidiary targets with alternative methods of payment between 1987 and 2004. We find that, in the short-run, bidde... Read More about Bidder Gains and Losses of Firms Involved in Many Acquisitions.

Acquisitions, Overconfident Managers and Self-attribution Bias (2007)
Journal Article
Petmezas, D., & Doukas, J. (2007). Acquisitions, Overconfident Managers and Self-attribution Bias. European Financial Management, 13(3), 531-577. https://doi.org/10.1111/j.1468-036x.2007.00371.x

We examine whether acquisitions by overconfident managers generate superior abnormal returns and whether managerial overconfidence stems from self-attribution. Self-attribution bias suggests that overconfidence plays a greater role in higher order ac... Read More about Acquisitions, Overconfident Managers and Self-attribution Bias.

Divergence of Opinion and Post-Acquisition Performance (2006)
Journal Article
Alexandridis, G., Antoniou, A., & Petmezas, D. (2007). Divergence of Opinion and Post-Acquisition Performance. Journal of Business Finance and Accounting, 34(3-4), 439-460. https://doi.org/10.1111/j.1468-5957.2007.02043.x

We examine the relation between divergence of opinion about the value of the acquiring firm in the pre-acquisition announcement period and post-acquisition stock returns. We find that acquirers subject to high opinion dispersion earn lower future ret... Read More about Divergence of Opinion and Post-Acquisition Performance.