Valuation effects of short sale constraints: The case of corporate takeovers
(2006)
Journal Article
Alexandridis, G., Antoniou, A., & Zhao, H. (2006). Valuation effects of short sale constraints: The case of corporate takeovers. European Financial Management, 12(5), 747-762. https://doi.org/10.1111/j.1468-036x.2006.00275.x
We examine the relation between the degree of short sale constraints for acquiring firms' equity and post takeover stock performance. We find that negative long-run abnormal returns appear to decline (in economic and statistical terms) as the extent... Read More about Valuation effects of short sale constraints: The case of corporate takeovers.