Investors' time preferences and takeover performance

Volume: 67, Pages: 101435 - 101435
Published: Jan 1, 2020
Abstract
We investigate investors' time preferences and takeover outcomes in a cross-disciplinary international study. We use a cultural measure on long-term orientation (LTO) to capture investors' time preferences. Additionally, we study how investor protection and the nature of the deal (cross-border vs domestic) in connection with investors' time preferences come into play in explaining long-term takeover performance. Evaluating data on 38,153 M&A...
Paper Details
Title
Investors' time preferences and takeover performance
Published Date
Jan 1, 2020
Volume
67
Pages
101435 - 101435
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