摘要 : We estimate the degree of uncertainty faced by potential bidders in takeover auctions and quantify how it affects prices in auctions and negotiations. The high degree of uncertainty revealed by our structural estimation encourages... 展开
作者 | Gentry~ Matthew Stroup~ Caleb |
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作者单位 | |
期刊名称 | 《Journal of financial economics》 |
页码/总页数 | 298-324 / 27 |
语种 | 英语 |
关键词 | Mergers and acquisitions Auctions Structural estimation Negotiations Takeovers Information frictions |
DOI | 10.1016/j.jfineco.2018.10.007 |
馆藏号 | F-385 |