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Keywords: Acquisitions
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Journal Articles
Journal:
Review of Accounting and Finance
Review of Accounting and Finance (2013) 12 (3): 204–225.
Published: 01 August 2013
... It is reported that acquirers in hot markets are overpriced relative to acquirers in cold markets on almost all measures of over‐pricing thus supporting the behavioural theory. However, having controlled for optimistically biased expectations the long‐run BHARs to acquisitions in hot markets exceed those...
