Damodaran on Valuation_ Security Analysis for Investment and Corporate Finance ( PDFDrive )

(Hop HipldF0AV) #1

25 M.L.MitchellandK.Lehn,“DoBadBiddersMakeGood
Targets?,”Journal of AppliedCorporateFinance 3 (1990):
60–69.


26 S. Kaplan and M. S. Weisbach, “The Success of
Acquisitions: The Evidence from Divestitures,” Journal of
Finance47 (1992): 107–138.


27 The excess returns around takeover announcements to
targetfirmsaresolargethatusingdifferentriskandreturn
models seems to have no effect on the overall conclusions.


28 M.C.JensenandR.S.Ruback,“TheMarketforCorporate
Control,”Journal of Financial Economics11 (1983): 5–50.


29 G.A.Jarrell,J.A.Brickley,andJ.M.Netter,“TheMarket
forCorporateControl:TheEmpiricalEvidencesince1980,”
Journal of Economic Perspectives2 (1988): 49–68.


30 SeeD.DennisandJ.McConnell,“CorporateMergersand
SecurityReturns,”JournalofFinancialEconomics 16 (1986):
143–188.


31 R. D. Huang and R. Walkling, “Acquisition
AnnouncementsandAbnormalReturns,”JournalofFinancial
Economics19 (1987): 329–350.


32 S. B. Moeller, F. P. Schlingemann, and R. M. Stulz,
“Wealth Destruction on a Massive Scale? A Study of
AcquiringFirmReturnsintheRecentMergerWave,”Journal
of Finance60 (2004): 757–782.

Free download pdf